Companies who fail to adequately protect customers’ data could be fined up to four per cent of their revenue in the next two years. That’s part of the penalty under the new Data Protection Act, 2020 which awaits promulgation. The Act, which seeks to safeguard the privacy and personal information of Jamaicans, was passed in the Senate on June 12 after being approved without amendments in the House of Representatives a month earlier.
Speaking on #MoneyMovesJa with Kalilah Reynolds chief executive officer at tTech Limited, Chris Reckord, urged companies’ boards of directors to ensure that team members are sensitised about the metrics of the new Act. He said the Government will not give an effective date of the Act until it has the relevant authorities in place to ensure monitoring and compliance.
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