Data Security Event definition

Data Security Event means a breach of the security of the Customer’s infrastructure resulting in loss or damage, including loss of user-names, passwords, Personal Data; crypto-locking or other malware- related damage.

Data Security Event is defined as any event whereby (a) an unauthorized person (whether within Trust Company or a third party) acquired or accessed Client’s information, (b) Client’s information is otherwise lost, stolen or compromised or (c) Trust Company’s Chief Information Security Officer, or other senior security officer of a similar title, is no longer employed by Trust Company.

Data Security Event means the actual or suspected unauthorized access to or use of Cardholder Information, arising out of your possession of or access to such Cardholder Information, which has been reported (i) to a Card Organization by you or us or (ii) to you or us by a Card Organization. All Security Event Expenses and Post Event Services Expenses resulting from the same, continuous, related or repeated event or which arise from the same, related or common nexus of facts, will be deemed to arise out of one Data Security Event;

Examples of Data Security Event in a sentence

• DST AMS shall reasonably cooperate with the Trust and provide any additional information reasonably requested regarding the Data Security Event, including access to network logs, audit trails and other relevant records to the extent practicable, except that DST AMS shall not be required to violate the terms of another client agreement or applicable law when providing such information.

• Any notice of a confirmed Data Security Event shall include a summary of the confirmed Data Security Event and the steps that are being taken or proposed to be taken to remedy the consequences of such Data Security Event.

• Any Data Security Event arising out of a breach in a computer system in which you and other merchants, with no legal relationship to one another, have hosted accounts or share a common database, operating system or software applications.

• Subject to the limitations, terms and conditions of this Section 3.5, we agree to waive liability (the “Liability Waiver”) that you have to us under the Agreement for Security Event Expenses and Post Event Services Expenses resulting from a Data Security Event first discovered by you or us while this Addendum is in effect.

• Subject to the foregoing and except as otherwise provided for hereunder, Coinbase may not transfer Client Assets absent: (i) Instructions; (ii) a default or an event of default under an agreement with a Coinbase Entity; (iii) a Data Security Event (as defined below); or (iv) in accordance with any applicable laws, rules, regulations, court order or binding order of a government authority.

More Definitions of Data Security Event

Data Security Event is defined as any event whereby: (a) an unauthorized person (whether within Coinbase or a third party) acquired or accessed Client’s information; (b) Client’s information is otherwise lost, stolen or compromised. The Trust Company will respond to any periodic request from Client regarding the identity of the Trust Company’s then employed Chief Information Security Officer, or other senior security officer of a similar title; such requests may be made by Client monthly. For the year 2023, and for each year thereafter, no more than once per calendar year, Client shall be entitled to request that Coinbase provide a copy of its most recent Services Organization Controls (“SOC”) 1 report and SOC 2 report, (together, the “SOC Reports”), and promptly deliver to Client a copy thereof by December 31 of each year. The SOC 1 and SOC 2 reports shall not be dated more than one year prior to such request. Coinbase reserves the right to combine the SOC 1 and SOC 2 reports into a comprehensive report. In the event that Coinbase does not deliver a SOC 1 Report or SOC 2 Report, as applicable, Client shall be entitled to terminate this Coinbase Prime Broker Agreement. Client may also request letters of representation regarding any known changes or conclusions to the SOC Reports on a quarterly basis between SOC reports (“SOC Bridge Letters”). The Coinbase Entities have established a business continuity plan that will support their ability to conduct business in the event of a significant business disruption. The business continuity plan is reviewed and updated annually, and may be updated more frequently as deemed necessary by the Coinbase Entities in their sole discretion. To receive more information about the Coinbase Entities’ business continuity plan, please send a written request to [***].

Data Security Event means the actual or suspected unauthorized access to or use of Cardholder Information, arising out of your possession of or access to such Cardholder Information, which has been reported

Data Security Event has the meaning set forth in Section 11.06(6).

Data Security Event means a credential stuffing attack, brute force attack, or hacking event involving unauthorized access to or acquisition of data that compromises the security, confidentiality, or integrity of Customer Personal Information.

Data Security Event collectively means any HIPAA Security Event, PCI Security Event, PII Security Event, Ransomware Security Event, Telecommunications Theft Event, or Social Engineering Fraud Security Event. Continuous or repeated actions or exposure to substantially the same general harmful condition, injury or damage shall be deemed a single Data Security Event. All HIPAA Expenses, PCI Expenses, PII Expenses, Ransomware Expenses, Telecommunications Theft Loss and Social Engineering Fraud Expenses resulting from the same, continuous, related or repeated event or which arise from the same, related or common nexus of facts, will be deemed to arise out of the first such Data Security Event.

Data Security Event means any PCl Security Event. Continuous or repeated actions or exposure to substantially the same general harmful condition, injury or damage shall be deemed a single Data Security Event. All PCl Expenses resulting from the same, continuous, related or repeated event or which arise from the same, related or common nexus of facts, will be deemed to arise out of the first such Data Security Event.

Data Security Event collectively means any HIPAA Security Event, PCI Security Event, PII Security Event, Ransomware Security Event, Telecommunications Theft Security Event, or Social Engineering Fraud Security Event. Continuous or repeated actions or exposure to substantially the same general harmful condition, injury or damage shall be deemed a single Data Security Event. All HIPAA Expenses, PCI Expenses, PII Expenses, Ransomware Expenses, Telecommunications Theft Expenses and Social Engineering Fraud Expenses resulting from the same, continuous, related or repeated event or which arise from the same, related or common nexus of facts, will be deemed to arise out of the first such Data Security Event.