Catastrophic Data Breach definition
Catastrophic Data Breach means any actual breach of security of, or unauthorized access to or acquisition, use, loss, destruction, compromise or disclosure of any personal information, confidential or proprietary data or any other such information maintained or stored by, the Business (other than with respect to any such breaches occurring in systems maintained by customers of the Business or other third parties (other than vendors or contractors engaged or retained by the Business) for which the Business is not at fault) involving data of customers, suppliers, consumers or other similarly situated individuals that affects more than 1 million individuals or individual accounts.
Catastrophic Data Breach means any actual breach of security and unauthorized access to personal information data, magnetic strip data, card account number and card verification value data or card account number and personal identification number data under the direct control of the Business (other than such breaches and access occurring in systems maintained by customers and/or service providers of such customers) where the compromise affects the protected data of 500,000 customers, suppliers, consumers and/or other similarly situated individuals in connection with any such particular breach and unauthorized access or series of related breaches or unauthorized access.