THE Securities and Exchange Commission (SEC) has ordered listed companies and two exchanges to comply with Republic Act (RA) 10173, or the Data Privacy Act of 2012, to avoid a data hack like that experienced by ABS-CBN last month.
In a letter sent on Friday, the commission told the Philippine Stock Exchange (PSE), the Philippine Dealing Exchange (PDEx) and listed firms that they must observe data privacy and protection regulations to avoid breaches that may impact business operations.
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