The Philippine Congress proposed law Hacker financial information over 50 accounting is a penalty to imprisonment for life.

Ben Evardone Philippine Congress and President Commissioner of Finance and bank proposed law Increase penalties sabotage the economy as a severe penalty. A maximum penalty of life imprisonment and a fine of 1-5 million PHP.

This law defines sabotage as 3 types

    • The theft of the card (skimming) 50 or more orders.
    • Hacking the banking system.
    • Accessing a bank account without permission of 50 or more accounts.

The Philippines has a problem with a financial system it frequently. Last month, Bank of the Philippine Islands was just a mistake that banks have closed several days. But there were no reports that the crash caused by the hacking of data in any way.