Tag: Bank/E-Wallet/Financial Accounts Regulation Act

Jinggoy files Senate bill that imposes jail time, P5-M fine vs cyber criminals

(INQUIRER) MANILA, Philippines — Days after a mess involving the unauthorized deductions from several GCash accounts, Senator Jinggoy Estrada proposed a law that would impose prison time and a fine up to P5 million to cyber criminals who target digital financial services. Estrada filed Senate Bill No. 2171, or the proposed Bank Accounts, Electronic Wallets,…
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Senators push jail for e-wallet hackers

(PHILSTAR) MANILA, Philippines — Sen. Jinggoy Estrada is seeking the imposition of a jail term and fine of up to P5 million on cyber criminals in his Senate Bill 2171, the proposed Bank Accounts, Electronic Wallets and Other Financial Accounts Regulation Act. “If the authorities have the capability to trace those behind hacking or unauthorized transactions, scamming…
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P5 million fine, imprisonment vs cyber criminals proposed

(PHILSTAR) MANILA, Philippines — After reports of alleged cybertheft attempts on the users of e-wallet GCash this week, a senator has proposed imposing penalties to the tune of P5 million and imprisonment against those behind similar cybercrime schemes. Sen. Jinggoy Ejercito Estrada has filed Senate Bill No. 2171, or the proposed Bank Accounts, Electronic Wallets,…
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Jinggoy eyes prison term, P5M fine vs cyber criminals

SENATOR Jinggoy Ejercito Estrada is eyeing the imposition of a jail term and fine amounting to as much as P5 million against cyber criminals engaged who target virtual or electronic wallets and similar platforms used for digital financial services. Estrada recently filed Senate Bill No. 2171, the proposed Bank Accounts, Electronic Wallets, and Other Financial…
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