Common use of Security Incident Clause in Contracts

Security Incident. (a) If the Company becomes aware that there has been unauthorised access to transaction data (a Security Incident), it will promptly notify First Data. If requested by First Data, the Company will retain a reputable firm that is certified and approved by the Networks that provides forensic information security services and risk assessments in order to: (1) assess the nature and scope of the Security Incident; and (2) identify the access controls or transaction data involved in the Security Incident. The Company will take appropriate steps to contain, control, stop, and remediate any Security Incident.

Appears in 8 contracts

Samples: Merchant Agreement General Terms, Merchant Agreement General Terms, Merchant Agreement General Terms

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Security Incident. (a) If the Company becomes aware that there has been unauthorised access to transaction data (a Security Incident), it will promptly notify First DataFiserv. If requested by First DataFiserv, the Company will retain a reputable firm that is certified and approved by the Networks that provides forensic information security services and risk assessments in order to: (1) assess the nature and scope of the Security Incident; and (2) identify the access controls or transaction data involved in the Security Incident. The Company will take appropriate steps to contain, control, stop, stop and remediate any Security Incident.

Appears in 2 contracts

Samples: Merchant Agreement, Merchant Agreement

Security Incident. (a) a. If the Company becomes aware that there has been unauthorised access to transaction data (a Security Incident), it will promptly notify First DataFiserv. If requested by First DataFiserv, the Company will retain a reputable firm that is certified and approved by the Networks that provides forensic information security services and risk assessments in order to: (1) assess the nature and scope of the Security Incident; and (2) identify the access controls or transaction data involved in the Security Incident. The Company will take appropriate steps to contain, control, stop, stop and remediate any Security Incident.

Appears in 2 contracts

Samples: Merchant Agreement, Merchant Agreement

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Security Incident. (a) 11.5.1 If the Company becomes aware that there has been unauthorised unauthorized access to transaction data (a Security Incident), it will promptly notify First Data. If requested by First Data, the Company will retain a reputable firm that is certified and approved by the Networks that provides forensic information security services and risk assessments in order to: (1) assess the nature and scope of the Security Incident; and (2) identify the access controls or transaction data involved in the Security Incident. The Company will take appropriate steps to contain, control, stop, and remediate any Security Incident.

Appears in 1 contract

Samples: Payment Solutions Agreement

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