Hacking and Security Breaches Sample Clauses
The "Hacking and Security Breaches" clause defines the parties' responsibilities and liabilities in the event of unauthorized access to systems or data. It typically outlines the required security measures, notification procedures in case of a breach, and may specify which party is responsible for damages or remediation efforts. This clause serves to allocate risk and clarify obligations, ensuring both parties understand how to respond to and manage cybersecurity incidents.
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Hacking and Security Breaches. Hackers or other malicious groups or organizations may attempt to interfere with the Network or the TOKENS in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, ▇▇▇▇▇ attacks, smurfing and spoofing. Furthermore, because the Network is based on open- source software, there is a risk that a third party or a member of the Company team may inten- tionally or unintentionally introduce weaknesses into the core infrastructure of the Network, which could negatively affect the Network and the TOKENS.