Common use of Data Security Breaches Clause in Contracts

Data Security Breaches. State Street will monitor and record security related events on all systems and log such events. If State Street discovers or become aware of an actual breach of security relating to BTC Data, except to the extent instructed by legal or regulatory authorities not to do so: (i) promptly notify the BTC Regional Program Manager by telephone and e-mail as soon as practicable but in any event within the earlier of any of the following: (i) 5:00 PM, local time, the next Business Day after detecting or becoming aware of such breach; (ii) forty-eight (48) hours after detecting or becoming aware of such breach; or (iii) within a shorter timeframe if required under a State Street known law; (ii) provider confirmatory written notice or fax to the BTC Regional Program Manager as soon as practicable after detecting or becoming aware of such breach; and (iii) investigate and remediate the effects of the breach, and provide the applicable BTC Recipients with reasonable assurance that safeguards consistent with State Street’s obligations under this Article 10 have been implemented.

Data Security Breaches. State Street will monitor and record security related events on all systems and log such events. If State Street discovers or become aware of an actual breach of security relating to BTC BFA Data, except to the extent instructed by legal or regulatory authorities not to do so: (i) promptly notify the BTC BFA Regional Program Manager by telephone and e-mail as soon as practicable but in any event within the earlier of any of the following: (i) 5:00 PM, local time, the next Business Day after detecting or becoming aware of such breach; (ii) forty-eight (48) hours after detecting or becoming aware of such breach; or (iii) within a shorter timeframe if required under a State Street known lawKnown Law; (ii) provider confirmatory written notice or fax to the BTC BFA Regional Program Manager as soon as practicable after detecting or becoming aware of such breach; and (iii) investigate and remediate the effects of the breach, and provide the applicable BTC BFA Recipients with reasonable assurance that safeguards consistent with State Street’s obligations under this Article 10 have been implemented.