Law on cybercrime to fuel investor confidence in PHL — BPAP

Thursday, 20 September 2012 15:12

Global investors are likely to look at the Philippines with confidence and boost the country’s leadership in business process outsourcing, now that the Cybercrime Prevention Act of 2012 is in place, the Business Processing Association of the Philippines (BPAP) said Tuesday.

“The Cybercrime Prevention Act will help sustain and enhance investor confidence and strengthen our position as one of the world’s top locations for high-value IT-BPO services,” BPAP president Benedict Hernandez said in an emailed statement Tuesday.

Because IT-BPO firms rely a lot on the Internet and computer technology as principal channels of their communication processes, the industry will benefit from provisions covering system and data protection, device security, and penalties for computer-related offenses, Hernandez noted.

Read More: Law on cybercrime to fuel investor confidence in PHL — BPAP