Common use of Information Security Incident Clause in Contracts

Information Security Incident. In the event of an any actual or reasonably suspected: (A) loss or theft of Party Information; (B) unauthorized use, disclosure, destruction, loss alteration or acquisition of or access to, or other unauthorized processing of Party Information; or (C) unauthorized access to or use of, inability to access, or malicious infection of a Party’s systems that reasonably may compromise the privacy or confidentiality of Party Information (an “Information Security Incident”), a Party will (1) appoint a primary contact to assist the other Party in resolving issues associated with an Information Security Incident, and (2) send the other party the primary contact’s name and contact information.