Servicer Device Patch Management Clause Samples
The Servicer Device Patch Management clause outlines the responsibilities and procedures for maintaining and updating software patches on devices managed by the service provider. Typically, this clause requires the servicer to regularly monitor for security vulnerabilities, apply necessary updates or patches in a timely manner, and document the patching process for audit purposes. By establishing clear expectations for patch management, this clause helps ensure that devices remain secure and compliant, reducing the risk of security breaches due to outdated software.
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Servicer Device Patch Management. Servicer shall ensure that its desktops, mainframes, appliances, and/or servers which directly interact with services provided to Lender pursuant to this Origination Agreement and the Servicing Agreement are on versions of application software, operating systems, and databases which have security patches available and that such security patches are applied on a regular basis, as specified by the Servicer’s patch management standard/operating procedure.