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The government says it will look at how big the fines should be for companies that breach data protection laws to make sure they are acceptable to firms, while still having a deterrent effect.
LCQ2: Prevention of personal data breaches and financial crimes
https://www.info.gov.hk/gia/general/202501/22/P2025012200305.htm
Subsequent to the briefing for the Panel on Financial Affairs of the Legislative Council in October 2024, the Government is currently drafting the legislative amendments and will continue to engage the PCPD and other stakeholders to ensure that a balance is struck between fighting against financial crime and safeguarding personal data privacy in the legislative amendments.
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