ReedSmith’s Technology Law Dispatch report examines the latest amendment to the Personal Information Protection Act (PIPA). “As a result of the amendment, organisations that experience a data breach could find themselves faced with court-awarded damages of up to three times the actual damage caused” by the breach, the report states. Once the amendment goes into effect, it is expected it “will lead to a sharp increase in liability lawsuits following personal data breaches. With some organisations holding millions of customers’ data, the enormous potential fine should in turn encourage organisations and others who hold personal data to take greater care to protect personal information,” the report states.
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