Last review date: 7 January 2025
Yes.
☒ general obligation to take appropriate / reasonable technical, physical and/or organizational security measures
☒ obligation to take specific security measures e.g., encryption
☒ requirement to undertake third party due diligence (security assessment of third party providers)
Please note that NPC Circular No. 2023-06 sets out the minimum security requirements to protect personal data. The circular applies to both private and public sector entities.
Last review date: 7 January 2025
☒ financial services requirements
☒ providers of critical infrastructure
☒ Data privacy
☒ Securities or public company
☒ network information security
☒ health
☒ financial services
☒ telecommunications
☒ critical infrastructure
☒ other
Last review date: 7 January 2025
Yes.
"Personal data breach" refers to a breach of security leading to the accidental or unlawful destruction, loss, alteration, or unauthorized disclosure of, or access to, personal data transmitted, stored, or otherwise processed.
The obligation to notify the NPC and affected data subjects of a personal data breach arises if all of the following conditions are met:
Last review date: 7 January 2025
☒ data protection authorities
The PIC should notify the NPC within 72 hours of having knowledge of, or when there is reasonable belief by the PIC or PIP that, a personal data breach requiring notification has occurred.
Moreover, the PIC should notify the NPC by submitting a report, whether written or electronic, containing the required contents of notification within 72 hours of the detection of the breach. The report should also include the name of a designated representative of the PIC, and their contact details.
☒ affected individuals
The PIC should notify the affected data subject within 72 hours of having knowledge of, or when there is reasonable belief by the PIC or PIP that, a personal data breach requiring notification has occurred.
In cases where the affected data subjects are minors, the PIC should notify both the children and their parents or guardians.
Last review date: 7 January 2025
☒ controller/ owner
To facilitate the timely reporting of a personal data breach, the PIC should use contractual or other reasonable means to require the PIP to report any knowledge or reasonable belief that a personal data breach has occurred. The PIP should promptly report this to enable the PIC to comply with its obligation to notify the data protection authorities and affected individuals within 72 hours of detection of the breach.
Last review date: 7 January 2025
Yes.
☒ financial services requirements
Obligations of institutions supervised by Bangko Sentral ng Pilipinas (BSIs)
The Bangko Sentral ng Pilipinas supervises the operations of banks and exercises regulatory powers over finance companies and non-bank financial institutions performing quasi-banking functions, in accordance with the New Central Bank Act and other pertinent laws.
Details regarding the identified data security breach notification requirements
An information security incident or security breach refers to security events that have a significant probability of compromising business operations and threatening the confidentiality, integrity, or availability of a BSI's information system(s). All BSIs should report any cybersecurity issues to the Bangko Sentral ng Pilipinas within two hours of first detection and submit an updated report within 24 hours.