General Security Information Sample Clauses
The General Security Information clause establishes the requirements and expectations for handling, protecting, and sharing sensitive or confidential information within the scope of an agreement. It typically outlines the types of information considered sensitive, the security measures that must be implemented (such as encryption or restricted access), and the responsibilities of each party in maintaining information security. This clause serves to safeguard valuable or private data, ensuring that both parties understand their obligations and reducing the risk of unauthorized disclosure or data breaches.
General Security Information a) You must:
i. immediately memorise your security details and destroy any advice containing the Security Details (except that you may keep a record of the Customer ID);
ii. not keep any written record of your security details (with the exception of the Customer ID);
iii. keep your security details secret and take reasonable steps to prevent anyone else from finding out your security details;
iv. not quote your security details in any correspondence (with the exception of the Customer ID), or over the telephone unless it is security details provided to enable you to access your Account by telephone. When quoting any security details you must ensure you cannot be overheard.
b) You must not allow any other person to use or know your security details.
c) You must tell the Bank immediately by through the Helpline provided if:
i. you know or think that someone else (who is not authorised to access it) is accessing or using or has tried to access or use your Account;
ii. you know or think that someone else knows your security details;
iii. you have forgotten your security details.
d) You agree that you are personally responsible for the security details and the conduct while using the service and agree to indemnify and keep indemnified the Banks and its agents and hold harmless from and against any losses damages liabilities costs and expenses of any kind that the Bank may incur in connection with any third party claim or otherwise arising out of or concerning your use of the service or use of the services by anyone else using your security details or in violation of these terms and conditions.
e) We may give information to the police or to a regulatory authority without asking you about any misuse or abuse of your Account, your security details or our computer system.
General Security Information. Comdata will maintain a record of those accounts that have provided security. A separate record will be maintained for each security type. A record of aggregate credit exposure will be maintained on each issuer of security to allow Comdata to monitor our composite exposure more effectively. Full security is defined as a letter of credit, bond, or cash deposit equal to the credit line as defined. No formal financial statement credit review is required on a fully secured account. (All fully secured accounts should be subject to hard hold.) Any company that does not provide full security falls under the regular Comdata review and control procedures.