NPC Closely Monitors COL Financial’s Possible Data Breach

NPC Closely Monitors COL Financial’s Possible Data Breach

Manila, Philippines – The National Privacy Commission (NPC) says that it is closely following the developments on a possible data breach case on COL Financial, one of the Philippine’s biggest online stock brokerage firms.

NPC chief Raymund Enriquez Liboro revealed that the firm reported the breach, which was detected on October 17, to his office last Friday afternoon. Liboro commended the stock brokerage adhering to standard breach reporting protocols as indicated in NPC Circular 16-03 on personal data breach management.  

The firm was ordered to submit a comprehensive report within 5 days to aid in the investigation of the incident.

Source: Inquirer Business

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