Canada’s federal government are planning to charge fines to any company that violates their privacy laws, with fines running up millions of dollars. Navdeep Bains, the Innovation Minister, has introduced the Digital Charter Implementation Act – officially titled “Act to enact the Consumer Privacy Protection Act and the Personal Information and Data Protection Tribunal Act and to make consequential and related amendments to other Acts.” This new act aims to refurbish Canada’s decades-old privacy laws, making them up-to-date with the modern world.
The new act is yet to be passed, but if it is passed then companies may be at risk of being charged fines of up to five per cent of their global revenue or $25 million- whichever number is larger – for those who commit the most serious offences. Bains has stated that the new legislation will provide the largest fines among the G7 nation’s privacy laws.
The post Canadian privacy laws could place hefty fines on companies appeared first on IT Security Guru.