President Benigno Aquino has signed the Data Privacy Act 2012, ABS-CBN News reports. The bill is also known as “An Act Protecting Individual Information in Information and Communication Systems in the Government and the Private Sector.” The bill is based on the European Directive and requires data security standards by business process outsourcers. The president did not veto any of the bill's provisions, the report states. Some lawmakers have said the law will spur investment in the Philippines.
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