Common use of Security Incident Reporting Requirements Clause in Contracts

Security Incident Reporting Requirements. The Company shall report a security incident to the appropriate Customer identified contact once a full investigation into the nature of the breach has been conducted and concluded and sufficient steps to remediate or correct the breach have occurred to ensure that all customer data is secure and would not be further jeopardized by such notification and resolve the breach and recover any data disclosed as a result thereof, but under no circumstance is the Company to take longer than 72 hours to notify the Customer of a security breach.