Common use of Data Safeguards and Security Clause in Contracts

Data Safeguards and Security. Within a reasonable time after the Effective Date, State Street will establish and maintain generally accepted industry “best practices” systems security measures designed to guard against the destruction, loss, or alteration of BTC Data provided to State Street that are no less rigorous than those maintained by State Street for its own information of a similar nature, and that are consistent with the Standard of Care. State Street will promptly correct any errors or inaccuracies in BTC Data caused by State Street’s failure to meet the Standard of Care or in the reports delivered to the applicable BTC Recipients under the Service Modules. Master Services Agreement 29 BTC | State Street CONFIDENTIAL (a) Data Security Plan. Within a reasonable time after the Effective Date, State Street will implement, maintain and update a data security plan with respect to BTC Data provided to it that is consistent with the standards set forth in Exhibit D (which will include both physical and electronic measures) or, following the Effective Date, such other generally accepted industry standards as are reasonably likely to be as protective of BTC Data as Exhibit D, which standards shall be applicable to the parts within State Street that have access to BTC Data. Any changes to the safeguards in Exhibit D that are specifically designated as safeguards that State Street has agreed to adopt specifically for the BTC Recipients will require prior review and approval from the affected BTC Recipients, which approval shall not be unreasonably withheld.