Security Incident definition
Examples of Security Incident in a sentence
The notifying party shall promptly take all necessary and advisable corrective actions and shall cooperate fully with the other party in all reasonable and lawful efforts to prevent, mitigate or rectify such Information Security Incident.
Such notice shall summarize in reasonable detail the effect on such party, if known, of the Information Security Incident and the corrective action taken or to be taken by the notifying party.
The content of any filings, communications, notices, press releases or reports related to any Information Security Incident shall be approved by the other party prior to any publication or communication thereof.
No unauthorized Person has breached or accessed the IT Systems and there has not been any other Security Incident since the Relevant Date.
The notifying party shall (i) investigate such Information Security Incident and perform a root cause analysis thereon; (ii) remediate the effects of such Information Security Incident; and (iii) provide the other party with such assurances as such party shall request that such Information Security Incident is not likely to recur.