The Canadian government has recently presented a draft law on imposing fines on firms that violate privacy law. Many companies have been found misusing the personal data of customers.
This would provide Canadians with more control and transparency on how the companies manage personal information. In fact, they can request to destruct their personal data.
Navdeep Bains, the Minister of Innovation, Science, and Industry noted that the fines could max out to 5% of the company’s revenue or $19.1 million (USD) – whichever is higher. The law will stipulate the highest fines imposed between the Group of Seven nations regarding privacy violations.