BEC Sample Clauses

The BEC (Business Email Compromise) clause is designed to address risks and responsibilities related to fraudulent email communications that may result in financial loss or data breaches. Typically, this clause outlines the procedures parties must follow to verify payment instructions or sensitive requests received via email, such as requiring confirmation through a secondary communication channel. Its core function is to allocate risk and clarify liability in the event of a cyberattack or email fraud, thereby helping to prevent losses and disputes arising from compromised business email accounts.
BEC. POP platforms 1 and 4 inclusive ('East Route');
BEC. Financial 2.1 The minimum Annual Turnover achieved by the bidder, as per the audited Financial Statement of any of the three (03) preceding Financial Years [i.e. FY: 2017-18 / FY: 2016-17 / FY: 2015-16], shall be Rs. 25.50 Lakhs. (a) Copy of Audited Financial Results for the preceding three (03) financial years [i.e. FY: 2017-18 / FY: 2016-17 / FY: 2015-16] issued by Statutory Auditor / Chartered Accountant.