BPAP Pushing for Data Privacy Act Approval
The External Affairs Director of the Business Processing Association of the Philippines (BPAP), Martin Crisostomo, said the Data Privacy Act or Senate Bill 2965 was recently passed but needs to be approved by the President so that the business process outsourcing (BPO) industry can start utilizing it to expand operations and attract investors.
Having a law that strengthens data privacy and security will reassure existing BPO firms that the industry will continue to grow and that clients will start coming in, knowing that there is a law in place that will protect their data. Information and Communications Technology Office (ICTO) Executive Director Louis Casambre said the bill will indeed help in attracting more businesses in the IT-BPO industry.
Senator Edgardo Angara, author of the bill, said once the bill becomes a law, current revenue estimates can grow from $9 billion in 2011 to $25 billion by 2016 and the number of workers employed in the industry will increase in the next few years. He added that a secure data and information environment can help the country transition from traditional services to high-end processes such as engineering, finance, accounting, and healthcare.
A National Privacy Commission is also expected to be created after the passage of the Data Privacy Act. This will be responsible for monitoring personal information controllers and maintaining data security.