Governments around the globe have been strengthening laws to protect consumer data. Singapore introduced the Personal Data Protection Act in 2013.
Last month, the European Union's General Data Protection Regulation came into force. This statute grants consumers substantive rights to access, transport and erase their data held by organisations. Failure to comply can result in fines of up to €20 million (S$32 million) or 4 per cent of an organisation's annual turnover, whichever is higher.