Singapore moots bill to slap banks with higher fines for security breach - ZDNet

Government debates a new bill that will tighten regulations of digital token service providers and push the maximum penalty financial institutions face to SG$1 million for each breach, and higher if multiple parties are affected.

Singapore has taken another step towards a new bill that seeks to impose higher penalties on financial institutions that suffer a security breach as a result of oversight. It also looks to tighten re… [+5535 chars]

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