For a financial institution, the consumer's personal data may be its most valuable asset. Especially with the advancement in technology, it has greatly increased the diversity of usage that financial institutions can have from the data, such as analysing spending patterns, preferences and financial situations. The technological trend has also pushed consumers to expect, and financial institutions to provide, more services in digital channels.
But these new benefits also come with its risks in terms of its security, from within the company and external factors. Without proper protocols in place, organisations may run the risk of exposing consumers to fraud and cybercrime, which may result in a significant blow to their reputation as well as financial fines.
To combat such situations, and to protect consumers, regulatory policies have made it mandatory for financial institutions and other organisations to follow the Personal Data Protection Act (PDPA).
With this 1-hour course, you should be able to:
• Explain the key principles of the Personal Data Protection Act,
• Explain what are the 9 Obligations under the PDPA,
• Explain what are the 4 measures for complying with PDPA Obligations, and
• Know what are the PDPA enforcement actions and penalties
This course is IBF-FTS and Core FAA/SFA CPD Accredited: [ Ссылка ]

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