Common use of Key Management Clause in Contracts

Key Management. Servicer shall document, implement, and maintain enterprise-class Industry Standard encryption key and seed management procedures to ensure the integrity, security, and retrieval of any applicable Cellco encryption keys or Cellco encrypted data. These procedures should include generating, distributing, storing, changing, recovering, archiving, and destroying encryption keys and the implementation of periodic key rotation, revocation (at least annually or in the event of compromise), and dual knowledge (such that one person does not have the full key for any data encrypted at rest).