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From rust to art

COLLECTED FROM the ongoing restoration of the San Sebastian Basilica in Manila, the flaked-off rust from the famed all-metal church is turned to something beautiful: artworks based on the image of a 17th century Marian icon and on the basilica itself.
The San Sebastian Basilica Conservation and Development Foundation, Inc., in partnership with Reredos artists, will host the Belleza Del Carmen, a religious art exhibit, from May 5 to July 16 at the first floor of the San Sebastian Convent in Quiapo, Manila.
The exhibit is a rare opportunity that allows the Reredos artists to express their Catholic faith through their craft. “Beauty, after all, is an attribute of God,” said Pia Soriano, one of the artists who will be featured in Belleza Del Carmen.
Her work uses oil pigments she created from the ground-up rust. “An exhibit that is able to evoke something in the viewer that points to the divine, and one that can contribute to the restoration of the basilica is where passion and purpose meet,” she added.
The challenge in mounting the exhibit is in working with unusual and historic material, but it made the collaboration more appealing to Reredos, group of professional artists that specializes in religious art.
Michael Muñoz, a recipient of the prestigious 2012 13 Artists Award given by the Cultural Center of the Philippines, heads the group.
Linked to the Order of Augustinian Recollects and San Sebastian parish’s 400th year celebration of the arrival of the Philippines’ oldest image of Our Lady of Mt. Carmel, the event will showcase religious art, among other items. Moreover, sales from the exhibition — the artworks will be available for purchase until December — will fund the restoration of the Basilica’s columns.
Entrance to the art exhibition is free.
One can also help fund the restoration of the 125-year-old basilica by booking a tour with the Foundation. A member of the team will guide visitors into understanding the faith, art, history, and ongoing restoration of the Philippines’ only all-metal building. Tourgoers will have access to the private spaces of the building including the choir loft, attics, and even the belfries. Prices start at P80 per head for students and up, with 100% of proceeds going to the basilica’s restoration.
For more information about Belleza Del Carmen, and for tour information, contact the San Sebastian Basilica Conservation and Development Foundation, Inc. through e-mail (savesansebastian.org@gmail.com) or call (632) 708-5122. Visit www.facebook.com/savessbasilica for more updates. — NFPDG

IMI, Japanese firm team up to produce touch sensors

A SUBSIDIARY of Integrated Micro-Electronics, Inc. (IMI) has partnered with one of the largest printing firms in Japan for the development of “game-changing” touch sensors.
In a disclosure to the stock exchange on Tuesday, the Ayala-led manufacturer said subsidiary VIA optronics GmbH have formed a new joint venture company with Toppan Printing Co. Ltd.
Under the deal, 65% of the shares of Toppan Touch Panel Products Co. Ltd., a newly formed spin off company, will be transferred to VIA. The joint venture firm will be VTS-Touchsensor Co. Ltd.
VTS will develop and manufacture the metal mesh touch sensors in Japan within the existing facilities of Toppan, while leveraging VIA optronics’ knowledge and experience of market requirements, system-level design, and production in the automotive, consumer and industrial markets to support further development of the core sensor technology.
“Using the experience of both companies, VTS will provide game-changing metal mesh touch sensors to their existing and future customer base,” VIA optronics CEO Juergen Eichner was quoted in a statement as saying.
“The new setup will also strengthen VIA’s portfolio of differentiated and value-added sensor technology for touch panels, touch display modules, display head assemblies and interactive display systems across multiple markets and segments.”
The two companies pledged to grow the business in all market segments, expand the touch sensor production line capacity of VTS and continuously develop the technology itself.
VIA optronics is a leading supplier of interactive display solutions with core competencies in optical bonding for sunlight readability and robustness as well as high performing touch display modules.
The company serves multiple touch-display applications in consumer electronics, automotive and industrial markets.
IMI acquired a 76% stake in VIA optronics in 2016 for €47.8 million (around P2.56 billion).
New acquisitions and the expansion of its automotive and industrial business pushed IMI’s earnings by more than a fifth to $34.44 million last year from $28.02 million in 2016.
IMI shares slipped 20 centavos or 1.16% to end at P17 each on Tuesday. — Krista Angela M. Montealegre

NY judge awards Nazi-looted artworks to Holocaust victim’s heirs in key test case

NEW YORK — A New York judge on Thursday awarded title of two Nazi-looted drawings by noted Austrian painter Egon Schiele to a Holocaust victim’s heirs in what art experts viewed as a key test case of a US law designed to ease the recovery of such stolen works.
Under the ruling, both works — Woman in a Black Pinafore and Woman Hiding her Face — are to be turned over to descendants of Franz Friedrich “Fritz” Grunbaum, an Austrian-Jewish entertainer and impresario who perished in the Dachau concentration camp in 1941.
Grunbaum, a vocal critic of the Nazis, once owned some 450 artworks, including more than 80 by Schiele, an Expressionist protege of Gustav Klimt and a major figurative painter of the early 20th century in his own right.
Grunbaum’s art collection was seized by the Nazi regime after he was arrested in 1938 and sent to Dachau, according to a synopsis of the case contained in Thursday’s summary judgment.
The two Schiele works in question turned up decades later, in a booth operated by a London-based dealer, Richard Nagy, at a 2015 art and design show in New York City, and the heirs filed suit seeking to recover the drawings.
Nagy’s lawyers asserted he had acquired legitimate title to the two drawings, stemming from a 1956 sale of some 50 Schiele works by Grunbaum’s sister-in-law to a gallery in Switzerland, and that the heirs’ rights to bring their claim had long since expired.
In his 17-page decision, however, Justice Charles Ramos of the state Supreme Court in Manhattan sided against Nagy, citing the Holocaust Expropriated Art Recovery (HEAR) Act.
That law, enacted by Congress in 2016, extended the federal statute of limitations for seeking restitution of Nazi-confiscated art to six years from the time of “actual discovery” of its identity and whereabouts.
Nagy’s lawyers argued the HEAR Act did not apply, a position the judge called “absurd,” saying the statute was “intended to apply to cases precisely like this one.”
The judge said there was no dispute the artworks at stake formerly belonged to Grunbaum and were forcibly taken by the Nazis during World War Two, a fact that put the onus on Nagy to establish a superior claim. Ramos said no such evidence was presented.
The judge also held that New York law “protects the rightful owner’s property where that property had been stolen, even if the property is in the possession of a good faith purchaser.”
Raymond Dowd, lawyer for the Grunbaum heirs — named in the case as Timothy Reif, David Frankel, and Milos Vavra — hailed the decision as a landmark in bringing justice to Holocaust victims.
The ruling, he said: “brought us a step closer to recovering all of the culture that was stolen during the largest mass theft in history, which until now, has been overshadowed by history’s largest mass murder.” — Reuters

San Miguel seeks up to $3.6 billion in share sale at merged unit

SAN MIGUEL Corp., the Philippines’ largest company, expects to raise as much as $3.6-billion selling shares of its merged food and drinks unit in the fourth quarter in what could be the country’s biggest share sale on record.
San Miguel Food and Beverage, Inc., which combined three businesses of the group, is now worth $12 billion, President Ramon Ang told reporters at a meeting in Manila on Tuesday. Selling a 30% stake may raise as much as $3.6 billion, while a 20% slice would generate about $2.4 billion, he said.
Investors have welcomed Mr. Ang’s consolidation of the group’s food and beverage business, helping push the parent’s shares up 21% in 2017 and another 27% so far this year. The merger makes it easier to make bets on growth in the company’s more than a century-old beer business or on the oil, energy and infrastructure businesses that have helped increase sales by more than five times over the past decade.
“Old businesses are usually forgotten during diversification, but that didn’t happen in our case,” Mr. Ang said in Mandaluyong City, Philippines. “We continue to grow and remain bullish on this sector.”
The group’s recurring profit may reach between P65 billion ($1.3 billion) and P70 billion this year from about P55 billion in 2017, with oil unit Petron Corp. and its merged food and drinks business accounting for the bulk, Mr. Ang said.
Mr. Ang is counting on Philippine economic growth that has topped 6% annually in the past six years to help boost sales and fuel San Miguel’s expansion into heavy industries. Projects include an airport that could complement the capital’s 70-year-old facility, which has been ranked among the world’s worst as it handles well beyond the 30 million passengers it was intended to serve.
The company’s P736-billion airport proposal is up for final review by President Rodrigo R. Duterte and his cabinet. The facility could be completed five years from final approval, Mr. Ang said.
Petron Corp., the nation’s largest oil company, will likely see profit rise to least P18 billion this year from P14.1 billion in 2017 as its refinery runs on its full 180,000-barrel-per-day capacity. The company plans to expand by 90,000 barrels per day, which may cost at least $5 billion, Ang said. — Bloomberg

Foreign direct investments in the Philippines

FOREIGN direct investments (FDI) surged in January, the central bank reported on Tuesday, saying it expected inflows to keep rising this year amid upbeat domestic activity and positive market sentiment. Read the full story.
FDI

Art & Culture (04/11/18)

Last concert of the season

TRUMPET player Raymond de Leon is the featured performer in the PPO’s last concert for the season.

THE Philippine Philharmonic Orchestra culminates its 35th season, billed “Romancing the Classics,” with a finale concert featuring trumpet player Raymond de Leon as guest soloist on April 13, 8 p.m., at the Cultural Center of the Philippines’s Tanghalang Nicanor Abelardo (Main Theater). Under the baton of its music director Yoshikazu Fukumura, the orchestra will perform F. Delius’s “A Walk to the Paradise Garden” and “Summer Evening,” F. Haydn’s Trumpet Concerto, and M. De Falla’s El Sombrero de Tres Picos (Complete Ballet). For inquires and subscription, call the CCP Marketing Department at 832-1125 local 1806, the CCP Box Office at 832-3704, or TicketWorld (891-9999, ticketworld.com.ph).

Drum Tao at Shangri-La Plaza

JAPAN’s Drum Tao

THE renowned Drum Tao group of Japan is bringing its dance, martial arts, and percussion show to Shangri-La Plaza mall on April 15, 7 p.m., at the Grand Atrium. Drum Tao will be performing its famous Samurai Drum Rock for the first time in Manila, with Shangri-La Plaza as one of their stops. It’s a unique theatrical experience featuring an eclectic mix of dance and martial arts and flawless movements. For inquiries, call 370-2597 to 98 or visit www.facebook.com/shangrilaplazaofficial.

Mamma Mia! returns to Manila

THE UK International Tour of Mamma Mia! will be stopping by Manila.

THE feel-good musical Mamma Mia! makes a return to Manila and will play at the Theatre at Solaire for a strictly limited season from Sept. 29 as part of the show’s International Tour which features a cast from the United Kingdom. Tickets go on sale on April 11 through TicketWorld (891-9999, ticketworld.com.ph). Described as “the sunniest of all musicals” by the UK’s Sunday Express, Mamma Mia! is Judy Craymer’s staging of ABBA’s timeless songs around a story of family and friendship unfolding on a Greek island paradise. On the eve of her wedding, a daughter’s quest to discover the identity of her father brings three men from her mother’s romantic past back to the island they last visited 20 years ago. Visit the Mamma Mia! website for more information at www.mamma-mia.com.

Summer workshops at Benilde

STAR Workshops, which features lessons in various fields of arts and promotions which are open to the public, will be offered by the Office of Culture and Arts (OCA) of De La Salle-College of Saint Benilde (DLS-CSB). Available courses are Creative Theater for Kids, Teens, and Adults, Baby Ballet, Creative Movement and Contemporary, Hip Hop for Kids, Teens, and Adult, Shadowplay, and Painting. Sessions on Stage Productions and Operations, and Cultural Promotions are likewise open. Sessions will be on Saturdays, from May 5, to June 2, with rehearsals on June 28 and 29, and the concluding recital on June 30. Download the application form at https://bit.ly/2q4jy9n, and submit with two 2×2 ID pictures to the OCA Office. A 5% discount will be granted for those who pay in full by April 16, while a reservation fee of P500 secures a slot for a chosen course. For inquiries, e-mail culture.arts@benilde.edu.ph, or call 0917-832-0721 or 230-5100 local 1528.

Philodrill’s bid to revive case vs ex-president junked

THE Office of the City Prosecutor in Mandaluyong has junked Philodrill Corp.’s bid to revive the case for attempted estafa it filed against its former president Francisco A. Navarro.
On Tuesday, Philodrill told the stock exchange it received a copy of the resolution penned by Senior State Prosecutor Arnold L. Magpantay of the   Office of the City Prosecutor, Mandaluyong City, denying the company’s motion for reconsideration on the case’s dismissal due to lack of merit.
The development followed the prosecutor’s recommendation earlier this year for the dismissal of the case for lack of probable cause. Mr. Magpantay penned the previous resolution, which Philodrill received on Jan. 5.
Philodrill and Reynaldo E. Nazarea, its treasurer, vice-president for administration and director, filed the complaint against Mr. Navarro on Sept. 15, 2017 for violation of the Revised Penal Code, Article 315 (1)(a), for attempted estafa.
The complainants said they had filed the case when Mr. Navarro demanded payment of his supposed “special retirement package,” coupled with a threat that cases will be filed against the company if his demands were not complied with.
“The NLRC (National Labor Relation Commission), through Labor Arbiter Hernandez already ruled that the claim of Mr. Navarro has no basis. As such, Mr. Navarro was acting under false pretenses,” Philodrill said in its description of the legal proceeding.
On Feb. 1, Philodrill said the decision of the labor arbiter had been reversed and set aside by the Fourth Division of the NLRC after an appeal filed by Mr. Navarro.
A new decision ordered Philodrill to pay the complainant special retirement pay amounting to P17.839 million. Mr. Navarro had claimed special retirement benefits amounting to P19.893 million, profit share of around P1.392 million and litigation expenses of at least P2.128 million. He had also claimed moral and exemplary damages amounting to P20 million.
Philodrill believes these claims are without basis, as Mr. Navarro has been paid his full retirement benefits in accordance with the company’s approved retirement plan. It also said he had executed a quit-claim document.
On Feb. 8, Philodrill said it had filed a motion for reconsideration on the decision of NLRC’s Fourth Division. — Victor V. Saulon

Germany cheers for end to Deutsche Bank’s Goldman Sachs pursuit

DEUTSCHE BANK AG’s management upheaval may be the final blow to the embattled lender’s ambitions to go head-to-head with Goldman Sachs Group Inc. in international investment banking, and that’s just fine for many in Germany.
With veteran Christian Sewing appointed chief executive officer as the emergency replacement for out-of-favor John Cryan, businesses serving international clients and trading an array of exotic securities look set to be scaled back. Focusing on lending to German companies at home and abroad would be welcome after three turnaround plans in less than three years.
“Germany doesn’t need an investment bank in the image of Goldman Sachs,” said Ingrid Arndt-Brauer, a Social Democrat lawmaker who chairs the finance committee in German parliament. “German companies and consumers need a bank that’s focused on the core business of lending that secures the German economy and partners with companies internationally.”
Dialing back its ambitions in global investment banking would be an about-face for Germany’s biggest lender after it sought support just three years ago to become more like Goldman Sachs. Crushing competition at home and repeated blows to its reputation in the US ensured that it never realized those goals. Cryan failed to inspire staff and investors in his ability to turn around the bank, leading Chairman Paul Achleitner to sound out potential replacements before settling on Sewing to bring calm.
“Sewing’s appointment is in my view a signal that investment banking will no longer be dominant,” said Hans Michelbach, a lawmaker from Chancellor Angela Merkel’s bloc. He expects Deutsche Bank to focus on retail banking and financing for the German economy, especially working with small- and medium-sized companies.
EXPORT ROOTS
The bank has struggled to recover from the financial crisis that exploded a decade ago, and recent restructuring efforts have been slow to bear fruit. The stock has fallen by more than half during Cryan’s tenure and trades at about a third of the value of its assets, compared with JPMorgan Chase & Co.’s multiple of more than 1.5 times. While Deutsche Bank’s US and UK operations are most at risk in a tighter focus on Germany, the country’s export strength means an international footprint is valuable.
“Germany needs a bank that will continue to be one of the most important players globally,” said Andreas Meyer, who manages about 1.4 billion euros at Aramea Asset Management in Hamburg, including holdings of Deutsche Bank subordinated bonds. “I don’t think that pulling out of investment banking is on the cards for Deutsche Bank, given its culture and direction.”
Deutsche Bank was set up in 1870 to promote trade for Germany, opening offices in London, China and Japan within its first years of existence. Catering to retail as well as corporate customers became a key part of Deutsche Bank’s German identity. But as it expanded in recent years into more far-flung and exotic markets and services, it racked up over $17 billion in fines and damages for misconduct.
TOP POTENTIAL
Sewing’s background in retail banking suggests the lender may intensify its focus on Germany. As Deutsche Bank’s international business struggled, domestic operations gained importance, accounting for 37% of group revenue last year, compared with 27% in 2007. While the company has launched a wide-ranging review of its investment banking division, dubbed Project Colombo, it’s merging its two domestic retail units, abandoning previous plans to sell the Postbank subsidiary.
Sewing, who has experience in risk management and audit and has never worked directly for the investment bank, is keen to have a roughly balanced revenue share for the bank from its two core units, according to people familiar with this thinking.
“Deutsche Bank has a chance to be under the top five or top 10 global investment banks, only if they re-concentrate on the very strong German market,” said Klaus Nieding, vice president of shareholder advisory DSW, said in an interview with Bloomberg TV. Germany is “the ultimate strength of Deutsche Bank.” — Bloomberg

PHL financial system among complex in the world

How PSEi member stocks performed — April 10, 2018

Here’s a quick glance at how PSEi stocks fared on Tuesday, April 10, 2018.

Pushing for an Open Data Law for Disaster Management

Recently, the Stratbase-ADR Institute hosted a multi-sectoral roundtable discussion on Dr. Mahar Lagmay’s Special Study, entitled: “Open Data Law for Climate Resiliency and Disaster Risk Reduction.”
To stress the importance of having open data law, Dr. Lagmay opened his presentation by recalling the circumstances of the 2006 landslide in Guinsaugon, Southern Leyte that resulted in a total of 1226 fatalities.
As he recounted, a teacher was still texting that she was with around 400 children in an elementary school buried after the landslide. What is horribly disturbing is that these people were not given a fighting chance to survive because the key to locating them got entangled in our bureaucratic processes. According to Dr. Lagmay, the only hope for the rescue team to get to the buried school was through GPS coordinates, which were then not readily available. As if no lives are at stake, hundreds at that, crying for help beneath the massive mud, the GPS coordinates were secured on the 7th day from request of data.
This sparked Dr. Lagmay’s initiative to advance the passage of a law that will ensure availability of all government data related to climate change adaptation and disaster risk reduction such as: weather data, aerial photos, satellite imagery, LiDar, exposure data, flood maps, landslide maps, storm surge hazard maps, fault, earthquake data, GPS, gas measurements, leveling measurement, volcano hazard maps, and other earthquake hazard maps.
Dr. Lagmay posited that the prospective open data law must mandate compliance to the key elements of Open Data, which are: “1) availability in digital format of data, downloadable via the Internet in bulk for ease of use; 2) amenability to intermixing with other datasets through interoperable format structure and machine-readability of digital files; 3) freedom to use, reuse and redistribute, even on commercial basis; and 4) a ‘no conditions’ rule on the use of Open Data, except for appropriate citation for due credit.”
Essentially, the argument for making government data open is said to be “based on the concept that goods and services that should be freely available to everyone as determined by society, must be made available as free data for ‘the public good.’” Dr. Lagmay stressed that, “While these services to collect and make available the data are not actually free, they are, nonetheless, funded with public money.”
After presenting the paper, the reactions made by government officials from relevant agencies were both encouraging and enlightening.
In particular, Assistant Secretary for Policy, Kris Ablan, of the Presidential Communications Operations Office, divulged that the government is trying to attain a goal of proactive disclosure and sharing information from the government to the public.
In navigating said direction, however, Asec. Ablan described the main challenges to be both cultural and technical.
open data
For one, he observed the seeming reluctance of agencies to share data. It became apparent that reasons range from protecting intellectual property to apprehension over data being “misinterpreted” to the detriment of the general public.
For another, Asec. Ablan indicated the incapacity of government websites to hold significant amount of data, such as the Freedom of Information’s limited space of only 10mb per file for uploading.
Meanwhile, Director Maria Teresa Garcia, head of the National ICT Governance Service of the Department of Information and Communications Technology, mentioned their efforts to pass of a law on open data, through the E-Government Bill. Dir. Garcia also propounded the challenge of being able to effectively communicate the concept of open data to legislators to gain full understanding of the policy.
From a civil society perspective, Engr. Ludwig Federigan, executive director of the Young Environmental Forum, expressed full support for Dr. Lagmay’s policy proposition. He underscored the importance of an open data law by citing studies showing how the Philippines is highly ranked as a vulnerable country in terms of climate change and climate risk.
For Engr. Federigan, legislating a law on open data in climate change adaptation and disaster risk reduction strengthens the commitment of the country to the Paris Agreement.
To address the issue of whether there is a need for a law to attain the disaster management objectives, institutionalizing open data, to begin with, will give flesh to two State policies, to wit:
“It shall be the policy of the State to enjoin the participation of national and local governments, businesses, nongovernment organizations, local communities and the public to prevent and reduce the adverse impacts of climate change and, at the same time, maximize the benefits of climate change”; (Climate Change Act) and,
“Adopt a disaster risk reduction and management approach that is holistic, comprehensive, integrated, and proactive in lessening the socioeconomic and environmental impacts of disasters including climate change, and promote the involvement and participation of all sectors and all stakeholders concerned, at all levels, especially the local community”; (Philippine Disaster Risk Reduction and Management Act).
Moreover, an open data law is crucial, at least in this regard, to be able to surmount the challenges concerning technical capacity, culture in the bureaucracy and, more importantly, accountability. Vast resources of the government must be mobilized to improve the digital infrastructure and instill openness in handling data. Lastly, only a law can provide penal sanctions for lost lives due to withholding or practically making unavailable government data.
 
Lysander N. Castillo is an Environment Fellow of Stratbase ADR Institute and serves as Secretary-General for the Philippine Business for Environmental Stewardship (PBEST).

Data privacy update: The Annual Security Incident Report

The National Privacy Commission (NPC) recently extended the deadline to submit the Annual Security Incident Report for all security incidents occurring in 2017, to June 30, 2018. The NPC had previously issued the Guidelines on Security Incident and Personal Data Breach Reportorial Requirements under NPC Advisory No. 18-01 (“Guidelines”) along with templates for the required reports.
However, the NPC is currently revisiting these Guidelines and templates and recently announced that it is planning to further simplify the requirements for the annual report and align them with those of other privacy regulations on international data flows such as the General Data Protection Regulation (GDPR) and APEC-Cross Border Privacy Rules (CBPR).
Nonetheless, the NPC also noted that Personal Information Controllers (PICs) who already submitted their report based on present guidelines would be considered as sufficient for the year by the NPC.
Under NPC Circular No. 16-03 on Personal Data Breach Management, the NPC requires a company to document adverse events that have an impact on the availability, integrity, or confidentiality of personal data, even if these adverse events prove unsuccessful. These events are defined in the Data Privacy Act of 2012 (DPA) as security incidents.
Both the Personal Information Controller (PIC) and the Personal Information Processor (PIP) are required to document all occurrences of security incidents and personal data breaches (those covered by the mandatory notification requirements and those not covered by such requirements), and submit an Annual Security Incident and Personal Data Breach Report to the NPC. This is due by the end of the first quarter of the succeeding year.
While the NPC is in the process of simplifying the requirements for the annual report, its recently issued Guidelines may prove instructional for PICs and PIPs with respect to the contents of the Annual Security Incident Report as well as the mandatory notification and reports for Personal Breach.
cybersecurity
Under the Guidelines, and as previously provided under NPC Circular No. 16-03, the Annual Security Incident Report consists of the following:

• Summary of Annual Security Incident and Personal Data Breach Reports containing the following information:

• The summary must contain the following information, collated at the end of every calendar year: (i) total number of security incidents and personal data breaches (reportable and non-reportable); (ii) total number of security incidents; (iii) total number of reportable personal data breach, i.e., mandatory notification required; and (iv) other personal data breaches, i.e., non-reportable breaches.

• Total number of Security Incidents that do not involve personal data, classified according to Attack Vectors, including, among others, denial of service, compromise information (which does not involve personal data), compromise asset, unlawful activity, internal hacking, external hacking, malware, e-mail, policy violations.

• Total number of Reportable and non-reportable personal data breaches, classified according to their impact on the Confidentiality, Integrity or Availability of the Personal Data affected.

• Summary Information of the incidents surrounding the personal data breach/es. The summary of personal data breach/es must be based on the entries in the Personal Data Breach Report/s.

What is interesting is that under the Guidelines, the NPC introduced for the first time the concept of attack vectors. While this term is not actually defined in the Guidelines, a simple internet search reveals that in the tech community, attack vectors are commonly known as techniques or methods by means of which unauthorized access can be gained to a device or a network by hackers for nefarious purposes (see https://www.techopedia.com/definition/15793/attack-vector).
Based on this definition, and as demonstrated by the attack vectors enumerated in the template for the Annual Security Incident Report, PICs and PIPs should not only be concerned with security incidents involving personal data.
Thus, the NPC has previously stated that “a cyberattack that successfully uncovers industrial secrets that do not involve the processing of personal data may be considered a security incident (NPC Press Release on “NPC sets March deadline for submission of 2017 Annual Security Incident Report of personal information controllers” dated Jan. 4, 2018).
What appears to be most important, apart from maintaining the security, integrity and confidentiality of personal data, is the overall security and protection of an entity’s systems and infrastructure, whether or not such systems process personal data.
This article is for general informational and educational purposes only and not offered as and does not constitute legal advice or legal opinion.
 
Maria Isabel M. Llave is Senior Associate of the Intellectual Property Department (IPD) of the Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW).
mmllave@accralaw.com
(02) 830-8000.

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