Common use of Incident Response Plan Clause in Contracts

Incident Response Plan. Policies and procedures are implemented, designed to detect, respond to, and otherwise address incidents, including specific points of contact in the event of an incident, and procedures to: (i) monitor and detect actual and attempted attacks on, or intrusions into, the processing systems, (ii) identify and respond to suspected or known incidents, (iii) immediately mitigate the harmful effects of any incidents without detriment to measures or actions necessary to determine the seriousness of the breach.