MANILA- häçkers trying to access bank systems and personal online bank accounts can now face life imprisonment and up to P5 million in fines under a new law that classifies häçking and skimming as economic sabotage.
Republic Act No. 11449, signed by President Rodrigo Duterte on Aug. 28 but made public only Wednesday, amends Republic Act No. 8484 also known as the Access Devices Regulation Act of 1998, to impose stiffer penalties to crimes involving skimming, forging of credit and debit cards, as well as possession of devices used to illegally access bank systems and accounts.
“The state declares that the commission of a crime using access devices is a form of economic sabotage and a heinous crime and shall be punishable to the maximum level allowed by law,” the law stated.
Under the new measure, häçking of a bank system as well as skimming of at least 50 debit or credit cards, and online bank accounts are considered as economic sabotage—a non-bailable offense—and carries a penalty of life imprisonment and fines ranging from P1 million to P5 million.
Possession of at least 10 counterfeit devices and the successful îllégâl access of an account meanwhile is punishable with jail time ranging from 12 to 20 years and a fine of at least P500,000.
Sauce: https://news.abs-cbn.com/news/09/25...mers-may-face-life-imprisonment-under-new-law
Republic Act No. 11449, signed by President Rodrigo Duterte on Aug. 28 but made public only Wednesday, amends Republic Act No. 8484 also known as the Access Devices Regulation Act of 1998, to impose stiffer penalties to crimes involving skimming, forging of credit and debit cards, as well as possession of devices used to illegally access bank systems and accounts.
“The state declares that the commission of a crime using access devices is a form of economic sabotage and a heinous crime and shall be punishable to the maximum level allowed by law,” the law stated.
Under the new measure, häçking of a bank system as well as skimming of at least 50 debit or credit cards, and online bank accounts are considered as economic sabotage—a non-bailable offense—and carries a penalty of life imprisonment and fines ranging from P1 million to P5 million.
Possession of at least 10 counterfeit devices and the successful îllégâl access of an account meanwhile is punishable with jail time ranging from 12 to 20 years and a fine of at least P500,000.
Sauce: https://news.abs-cbn.com/news/09/25...mers-may-face-life-imprisonment-under-new-law
