Your Internal Security Sample Clauses
Your Internal Security. You bear sole responsibility for establishing, maintaining, implementing and updating policies, procedures, equipment and software (“Internal Security Controls”) that ensure the security and integrity of your processes, equipment (including telecommunications and computer systems) and information, protect them from any unauthorized use, intrusion, takeover or theft, and prevent your Access Credentials from any unauthorized discovery or use (collectively “Internal Security Breaches”). You bear all risk of fraudulent transfers and other losses or disclosures arising from your Internal Security Breaches or from the interception of your communications prior to their receipt by us (collectively “Internal Security Losses”). We will not reimburse your Internal Security Losses. You agree that we are authorized to execute, and it is commercially reasonable for us to execute, any instruction received by us and authenticated by your Access Credentials. You are encouraged to consider purchasing insurance to cover your Internal Security Losses. To protect your system from Internal Security Breaches, your Internal Security Controls should consider including:
i. Limiting and controlling who has access to your computer systems;
ii. Protecting and frequently changing your internal passcodes and Service Access Credentials;
iii. Adopting dual authorization and/or transaction-based authentication procedures for financial transfers where available;
iv. Employing up-to-date security software such as anti-virus, anti-malware and anti-spyware programs, as well as up-to-date software patches for all your software programs, internet browsers, email programs, and the like;
v. Using effective, up-to-date firewalls;
vi. Procedures to avoid infection by malicious software, such as: controlling what websites are visited by your computers; controlling the connection of other devices (e.g., flash drives) to your computers; controlling what documents, email attachments, programs and other files are opened or installed on your computers; and limiting which of your computers are used for online banking;
vii. Reconciling all Accounts (including online monitoring) on a daily basis, and immediately reporting any discrepancies;
viii. Prohibiting your Authorized Users from leaving computers unattended or from communicating or accessing sensitive information from insecure locations (e.g., terminals or networks at Internet cafes or airports);
ix. Allowing Services to be accessed only from secure lo...
Your Internal Security. You agree to establish, implement, maintain and update (as appropriate) policies, procedures, equipment and software (“Internal Security Controls”) that, with respect to the initiation, processing and storage of ACH, wire and other transactions, will: (a) protect the confidentiality and integrity of non-public personal information, including financial information, of a natural person used to create or contained within an ACH or other Order and any related addenda record (“Protected Information”) until its destruction, (b) protect against anticipated threats or hazards to the security or integrity of Protected Information until its destruction, (c) protect against unauthorized use of Protected Information that could result in harm to a natural person, and (d) comply with all applicable regulatory guidelines on access to and security for the systems you use to initiate, process, and store ACH, wire and other transactions. Your Internal Security Controls must also safeguard the security and integrity of your computer system and information from unauthorized use, intrusion, takeover or theft, and prevent your Password from unauthorized discovery or use (collectively “Internal Security Breaches”). You bear all risk of fraudulent transfers and other losses arising from your Internal Security Breaches or from the interception of your communications prior to their receipt by us (collectively “Internal Security Losses”). We will not reimburse you in connection with Internal Security Losses. You agree that we are authorized to execute, and it is commercially reasonable for us to execute, any instruction received by us with your Password. You are encouraged to consider purchasing insurance to cover your Internal Security Losses. To protect your system from Internal Security Breaches, your Internal Security Controls should consider including:
a. Limiting and controlling who has access to your computer systems;
b. Protecting and frequently changing your internal passcodes and Service Access Credentials;
c. Adopting default setting of “return” for Payee Positive Pay and ACH Positive Pay exception items;
d. Adopting Dual Control and/or transaction-based authentication procedures for financial transfers and templates where available;
e. Employing up-to-date security software such as anti-virus, anti-malware and anti-spyware programs, as well as up-to-date software patches for all your software programs, internet browsers, email programs, and the like;
f. Using effective, ...