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International

Firms in Singapore, Australia face highest data breach fines: Study

March 28, 2018 Reprints

A study by U.S.-based information technology firm Dell EMC found that firms in Singapore and Australia face the highest penalties for data breaches, Singapore Business Review reported. The study found that Singapore fines $1 million Singapore ($764,500), while Australia imposes fines of up to 1.7 million Australia ($1.3 million). Firms in the Asia Pacific region and Japan face challenges such as ransomware, business disruption and increasing competition from new business models while complying with data regulation, the study added.

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Firms in Singapore, Australia face highest data breach fines: Study

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