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An act to govern and administer personal data collection, usage and disclosure by organisations is known as PDPA in Singapore. It functions as a baseline standard for personal data protection and supports sector-specific regulatory frameworks including Banking and Insurance Acts.
Singapore PDPA compliance needs organisations to comply with specific requirements for collection, use, disclosure and care of personal data in Singapore.
In today’s world, huge amounts of personal data are collected, used and even transferred to third-party organisations daily for a variety of reasons and are growing exponentially as the processing and analysis of large amounts of personal data becomes possible with sophisticated technology and computing power.
However, the usage of large personal data poses concerns to individuals and authorities about their data usage and disclosure. The concerns about personal data are driving data protection regimes for framing appropriate policies for the governance of personal data.
The PDPA also focuses on promoting Singapore’s competitiveness as a trusted business hub to foreign investors, authorities and consumers by enacting mandatory PDPA compliance in Singapore.
The PDPA recognises both the need to protect individuals’ data and the need of organisations to collect, use or disclose personal data for legitimate and reasonable purposes.
Singapore PDPA compliance is also necessary to safeguard sensitive personal data from any misuse and fraudulent act.
Personal data stored both in electronic and non-electronic formats comes under the purview of PDPA with the following exemptions applied.
Different types of data protection obligations apply to business organisations specifying regulatory requirements for PDPA compliance in Singapore when they perform activities relating to the collection, use or disclosure of personal data.
Once sector-specific legislation and regulatory frameworks are critically reviewed, a reference standard for personal data protection is usually drawn across the entire economy by the PDPC for documenting PDPA. Singapore PDPA compliance becomes mandatory for organizations including compliance with common and industry/sector-specific regulations while handling personal data within their reach.
The below-mentioned aspects are the prime considerations of the PDPA while putting into force
Personal data can only be collected, used or disclosed by organisations with the individual’s knowledge and consent with a few exceptions.
Personal data can only be collected, used or disclosed with specific purposes and in an appropriate manner for the circumstances and only when organisations keep the individuals appraised of such purposes.
Personal data can only be collected, used or disclosed by organisations for purposes considered appropriate to a reasonable person in the given circumstances.
Businesses demonstrating PDPA compliance in Singapore are treated with more respect and enjoy enhanced customer loyalty. It also creates a more trusting environment amongst employees, customers and other stakeholders. Singapore PDPA compliance can help businesses improve overseas market share and avoid regulatory penalties imposed by authorities.
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