PH: House okays measure declaring credit-card fraud as heinous crime

Jovee Marie de la Cruz reports on a Philippine bill working its way through their legislature:

The House of Representatives on Monday approved on third and final reading a measure declaring hacking of bank systems and stealing 50 or more ATM or credit-card details as economic sabotage.

Voting 224-0, lawmakers passed House Bill (HB) 6710, which aims to strengthen public trust on the electronic financial and trade and sectors. HB 6710 will be transmitted to the Senate for its own deliberations.

The bill seeks to further avert losses in the financial and trade sector due to illegal use of electronic access devices.

Read more about the bill on Business Mirror

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