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Anti-Cybercrime Law Expected to Boost PH BPO

by: Sarah Joson

Wednesday, September 19, 2012 | Outsourcing News |

Anti-Cybercrime Law to Attract more BPO Investors to the Philippines

The Business Processing Association of the Philippines (BPAP) lauded the passing of the Cybercrime Prevention Act of 2012 as it is anticipated to boost investor confidence and the business process outsourcing (BPO) sector of the Philippines.

The bill was signed into law by President Benigno S. Aquino III last week, which became Republic Act No.10175. The ruling aims to penalize those who are involved in child pornography, online libel, hacking, cybersquatting, identity theft, etc.

Also, the Data Privacy Act was recently signed into a law which strives to protect personal data collected by private and public organizations.

According to BPAP President Benedict Hernandez, the Cybercrime Prevention Act will reinforce the country’s image as a strong player in the high-valued IT-BPO arena. He noted that the provision will be especially beneficial to IT-BPO firms in the country, as most of its processes and information depend on the internet.

Moreover, Hernandez stated that a 20-percent increase in revenues from $11 billion in 2011 to $13 billion this year is expected for the sector and that these developments will help the overall growth of the Philippine IT-BPO industry.


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

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