Common use of Customer Security Clause in Contracts

Customer Security. You are responsible to maintain the security of the user identification and passwords of all persons authorized to access the designated Accounts through Payables+. You are responsible to maintain the security of your equipment and to regularly update the current version of your software to maintain at least the level of security we require. You are required to maintain commercially reasonable internal controls, including, but not limited to, segregation of duties, to protect your business. We shall not be liable to you for any loss arising by reason of your failure to maintain your software or your internal controls.