Common use of Electronic Security Clause in Contracts

Electronic Security. You are solely responsible for maintaining adequate security and control over your user IDs, passwords and computer systems. You should not communicate sensitive information to us via unencrypted email, including your account number. You agree to keep and to require Your Personnel keep your user IDs and passwords secret and you agree to prevent unauthorized access to your computer systems. You agree to notify us immediately if your user IDs or passwords are lost or stolen or if you believe someone else has discovered your user IDs or passwords or if you suspect there has been a breach of your computer system. You should change your user IDs and passwords whenever any person with access to them transfers to a new assignment, leaves your employ or is no longer authorized to use them or if you believe that security of your user IDs or passwords has been compromised. We also recommend that you regularly change your user IDs and passwords. We are authorized to act on, to release your account information to, and to accept as your authentic instructions, any instructions given to us by, any person who has entered a user ID and password assigned to you. If a security breach occurs, unless our internal security is proved to have been breached, there shall be a presumption that your security has been breached.