Philippine Electronic Code Overview

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Questions and Answers

What is the role of electronic codes in electronic transactions according to the text?

  • Offering discounts and promotions to users
  • Ensuring compliance with regulations and reducing cyber risks (correct)
  • Creating barriers to international transactions
  • Increasing cyber risks and ignoring regulations

Which legislation oversees data privacy in the Philippines?

  • Electronic Commerce Act of 2000
  • Data Privacy Act of 2012 (correct)
  • Implementing Rules and Regulations (IRR)
  • National Privacy Commission (NPC)

What do electronic codes contribute to international company operations?

  • Creating barriers to international operations
  • Ignoring international standards
  • Increasing cyber risks
  • Facilitating transactions across borders (correct)

Who is responsible for enforcing laws related to electronic transactions and data privacy in the Philippines?

<p>National Privacy Commission (NPC) (B)</p> Signup and view all the answers

What specific provisions are businesses in the Philippines required to comply with regarding data privacy?

<p>Ensuring system security, obtaining consent for data processing, protecting personal information (D)</p> Signup and view all the answers

How do electronic codes contribute to fostering trust among users?

<p>By ensuring safe and legitimate transactions (A)</p> Signup and view all the answers

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