Breach Response Services definition

Breach Response Services means the following fees and costs in response to an actual or reasonably suspected Data Breach or Security Breach:

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Breach Response Services means the following fees and costs incurred by the Fund Member with the Fund’s prior written consent in response to an actual or suspected Data Breach or Security Breach and will not include any internal salary or overhead expenses of the Fund Member: (A) for an attorney to provide necessary legal advice to the Fund Member to evaluate its obligations under Breach Notice Laws or a Merchant Services Agreement; (B) for a computer security expert to determine the existence, cause, and scope of an actual or suspected Data Breach, and if such Data Breach is actively in progress on the Fund Member’s Computer Systems, to assist in containing it; (C) for a PCI Forensic Investigator to investigate the existence and extent of an actual or reasonably suspected Data Breach involving payment card data and for a Qualified Security Assessor to certify and assist in attesting to the Fund Member’s PCI compliance as required by a Merchant Services Agreement; (D) to notify those individuals whose Personally Identifiable Information was potentially impacted by a Data Breach; (E) to provide a call center to respond to inquiries about a Data Breach; (F) to provide a credit monitoring, identity monitoring, or other personal fraud or loss prevention solution to individuals whose Personally Identifiable Information was potentially impacted by a Data Breach; or (G) for public relations and crisis management costs directly related to mitigating harm to the Fund Member that is approved in advance by the Fund in its discretion.

Breach Response Services means: (a) Notice Services; (b) Call Centre Services; (c) Credit Monitoring Services; and (d) Identity Theft Resolution Services.

Examples of Breach Response Services in a sentence

• If there is a change of law, regulation or enforcement that prevents the Underwriters or its providers from providing all or part of the Breach Response Services, or if a provider is unable to or does not provide Breach Response Services, the Underwriters will make reasonable efforts to procure similar services from other sources.

• Except as provided in the Additional Breach Response Limits clause below, the Underwriters will not be obligated to provide any Breach Response Services after the number of individuals to whom services are provided under part 4.

• The ▇▇▇▇▇▇▇ Breach Response Services Team will work in collaboration with the Named Insured to triage and assess the severity of a data breach incident, while assisting the coordination of the range of resources and services the Named Insured may need to meet legal requirements and maintain customer confidence.

• To provide Breach Response Services to the Insured Organisation because of an actual or reasonably suspected Data Breach or Security Breach that the Insured first discovers during the Policy Period.

• The Named Insured will have access, via the ▇▇▇▇▇▇▇ Breach Response Services Team, to the Underwriters’ network of third party breach response service providers, products and services to respond to an actual or suspected Data Breach or Security Breach.

• The Underwriters’ dedicated business unit focused exclusively on helping Insureds successfully prepare for and respond to actual or suspected Data Breaches and Security Breaches (the “▇▇▇▇▇▇▇ Breach Response Services Team”) will be available to assist the Named Insured in responding to an actual or suspected Data Breach or Security Breach.

• Privacy Breach Response Services will be provided subject to the terms and conditions of this Policy and the conditions applicable thereto are set forth more fully in the information packet (which may be updated by the Underwriters from time to time) provided with this Policy, and will be subject to the applicable deductibles and limits set forth in the Declarations, and shall not include any internal salary or overhead expenses of the Insured Organization.

• With respect to Breach Response Services, the Insured must notify the Underwriters of any actual or reasonably suspected Data Breach or Security Breach as soon as practicable after discovery by the Insured, but in no event later than 60 days after the end of the Policy Period.

• Coverage for Breach Response Services under this Policy is in addition to the Policy Aggregate Limit of Liability.

• Notice must be provided to the Breach Response Services Team listed in the Declarations.