Common use of Security Audit Clause in Contracts

Security Audit. You must conduct, or have conducted on your behalf, annual or more frequent security audits to ensure that the financial information you obtain from consumers is protected by security practices and procedures that include, at a minimum, adequate levels of: (1) physical security to protect against theft, tampering, or damage; (2) personnel and access controls to protect against unauthorized access and use; and (3) network security to ensure secure capture, storage, and distribution of financial information. (See the Rules for details of the minimum components that must be addressed in the audit report.) You must provide us with a copy of each audit within 30 days from your receipt of the audit.

Appears in 4 contracts

Samples: Ss Agreement, Ss Agreement, Ss Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!