R10M fines for failure to report security compromises

Businesses in South Africa need to notify the Information Regulator and those whose personal information has been affected by data breaches under the POPI Act.

According to a recent Business Tech article, although there is no specified time-frame for such notifications to be made, “organisations must do so quickly, as failure to report a security compromise could result in an administrative fine of up to R10 million or further legal action.”