The Cybercrime Prevention Act of 2012 defines cybercrime offenses and penalties in the Philippines. It recognizes the importance of information technologies to the economy. The Act defines cybercrime offenses like illegal access, illegal interception, data interference and cyber squatting. It establishes penalties for offenses ranging from fines to imprisonment depending on the severity of the crime. The Act also provides law enforcement authorities with investigation powers and establishes special cybercrime courts to handle related cases. It facilitates international cooperation for cybercrime investigations and sets up a Cybercrime Investigation and Coordinating Center.