SG: The Central Depository and two other organisations fined for data privacy breach
Yip Wai Yee reports:
The Central Depository (CDP) and two other organisations have been fined a total of $47,000 for breaching data privacy laws.
CDP received the biggest fine of $32,000 after it mailed dividend cheques to outdated addresses, putting more than 200 account holders at risk of having their personal data disclosed.
According to a written decision by the Personal Data Protection Commission (PDPC) published on its website on Monday, the CDP had mailed the cheques containing personal information such as names and NRIC numbers to outdated addresses after it migrated its software system in December 2018.