Common use of Security Incident Response Clause in Contracts

Security Incident Response. DST shall maintain formal processes that are (i) approved by management; (ii) communicated to all DST personnel; (iii) assigned an owner to perform review and maintenance; and (iv) reasonably designed and implemented to detect, identify, report, respond to, Mitigate, and Remediate Security Incidents in a timely manner. The program must document processes and plans in the case of a security incident and shall require documenting responsive actions taken in connection with any incident involving a security incident or breach of security, mandatory post incident review of events, and any actions taken to make changes in business practices relating to protection of Fund Confidential Information.