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.

💬 AI Content Assistant

Ask me anything about this article. No data is stored for your question.

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.