Republic Act No. 8792

What are the Selient Features of this Act?

1. It gives legal recognition of electronic data messages, electronic documents, and electronic signatures. (section 6 to 13)
2. Allows the formation of contracts in electronic form. (section 16)
3. Makes banking transactions done through ATM switching networks absolute once consummated. (section 16)
4. Parties are given the right to choose the type and level of security methods that suit their needs. (section 24)
5. Provides the mandate for the electronic implementation of transport documents to facilitate carriage of goods. This includes documents such as, but not limited to, multi-modal, airport, road, rail, inland waterway, courier, post receipts, transport documents issued by freight forwarders, marine/ocean bill of lading, non-negotiable seaway bill, charter party bill of lading. (section 25 and 26)
6. Mandates the government to have the capability to do e-commerce within 2 years or before June 19, 2002. (section 27)
7. Mandates RPWeb to be implemented. RPWeb is a strategy that intends to connect all government offices to the Internet and provide universal access to the general public. The Department of Transportation and Communications, National Telecommunications Commission, and National Computer Center will come up with policies and rules that shall lead to substantial reduction of costs of telecommunication and Internet facilities to ensure the implementation of RPWeb. (section 28)
8. Made cable, broadcast, and wireless physical infrastructure within the activity of telecommunications. (section 28)
9. Empowers the Department of Trade and Industry to supervise the development of e-commerce in the country. It can also come up with policies and regulations, when needed, to facilitate the growth of e-commerce. (section 29)
10. Provided guidelines as to when a service provider can be liable. (section 30)
11. Authorities and parties with the legal right can only gain access to electronic documents, electronic data messages, and electronic signatures. For confidentiality purposes, it shall not share or convey to any other person. (section 31 and 32) 
12. Hacking or cracking, refers to unauthorized access including the introduction of computer viruses, is punishable by a fine from 100 thousand to maximum commensurating to the damage. With imprisonment from 6 months to 3 years. (section 33)
13. Piracy through the use of telecommunication networks, such as the Internet, that infringes intellectual property rights is punishable. The penalties are the same as hacking. (section 33)
14. All existing laws such as the Consumer Act of the Philippines also applies to e-commerce transactions. (section 33) 

Can you relate some provisions of the Law on your past experiences as an IT student?

Ans. Yes, since I entered college or since the time when I started using phones and computers, I can't deny that I have been violating this law and that it occur so many times. I downloaded pirated copies of games, songs, movies, and any other things available in a pirated file provider websites. Then after some time I've heard about the law about cyber crime and such, then I started practicing myself to control or stop violating this it.

Here's the info-graphic I have created.
(PS. The descriptions are not originally mine, it's from the source at the bottom.)

Source: http://digitalfilipino.com/salient-features-of-republic-act-8792-the-e-commerce-law/