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Aquino Signs Data Privacy Act into Law

by: Sarah Joson

Wednesday, August 29, 2012 | Outsourcing News |

More Opportunities Expected for the Outsourcing Industry

The recent approval of the Data Privacy Act or Republic Act 10173 by President Benigno Aquino III is seen as a new window of opportunity for the Information Technology and Business Process Outsourcing (IT-BPO) sector.

The law aims to protect and secure private data from both public and private entities. The National Privacy Commission is assigned to monitor and make sure that the country is following international standards in terms of data protection protocols.

Moreover, a data protection guide will be published and reviewed periodically in case an occasion calls for an update, as well as to keep the private and public entities informed.
 
Senate Science Committee Chairman Edgardo Angara, who proposed the bill, said if the act is signed into law, it will help the country’s IT-BPO industry grow and attain the revenue forecast of $25 billion by 2016 and employment of up to four million Filipinos.
 

Source:
http://www.gmanetwork.com/

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