E-Commerce Law (RA8792) in the Philippines: An Overview and Its Importance in the Future, Slides of Computer Security

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GROUP 1

Signed :

June 14 ,

Efectivitiy :

June 19, 2000

President Joseph E. Estrada

 Digital Payments: E-commerce relies heavily on digital payment methods, such as credit cards, digital wallets, and online banking. These secure and convenient payment options make transactions smoother for both businesses and consumers.  Mobile Commerce (M-Commerce): With the increasing use of smartphones, mobile commerce has become a significant aspect of e-commerce. Consumers can make purchases, conduct transactions, and manage accounts using mobile devices.  Electronic Banking: E-commerce has revolutionized banking, allowing customers to conduct various financial transactions online, including fund transfers, bill payments, and account management.  E-Learning and Online Education: Educational institutions and platforms leverage e- commerce for online course enrollment, digital learning materials, and virtual classrooms.

PRESENTATION //SLIDE

 Increased Connectivity: With the proliferation of smartphones and internet connectivity, more people are gaining access to e-commerce platforms. The increasing global connectivity is expected to contribute to the growth of online transactions and digital interactions.  Emergence of New Technologies: Innovations such as augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) are enhancing the online shopping experience. These technologies are likely to play a significant role in shaping the future of e-commerce, providing immersive and personalized experiences for consumers.  Integration of Social Commerce: Social media platforms are becoming more integrated with e-commerce, allowing users to discover, share, and purchase products directly through these platforms. Social commerce is expected to play a more significant role in driving online sales.

 Consumer Protection: The law includes provisions aimed at protecting consumers engaged in electronic transactions. This involves addressing issues such as disclosure of information, privacy, and security concerns.  Government Use of E-Commerce: RA 8792 encourages the use of electronic commerce in government transactions to enhance efficiency and transparency.  Offenses and Penalties: The legislation outlines offenses related to electronic commerce, such as unauthorized access, hacking, and electronic fraud. It specifies penalties for these offenses to deter cybercrimes.  Facilitation of Electronic Transactions: The law aims to facilitate electronic transactions by providing a legal framework that promotes trust and security in online interactions.

 Recognition of the Functional Equivalence of Electronic Documents and Signatures: RA 8792 recognizes the functional equivalence of electronic documents and signatures to their paper-based counterparts, emphasizing the legitimacy of electronic forms in legal matters.