Common use of Asset Management Clause in Contracts

Asset Management. Supplier will: i) maintain an asset inventory of all media and equipment where IT One Data is stored. Access to such media and equipment will be restricted to authorized Personnel; ii) classify IT One Data so that it is properly identified and access to it is appropriately restricted; iii) maintain an acceptable use policy with restrictions on printing IT One Data and procedures for appropriately disposing of printed materials that contain IT One Data when such data is no longer needed under the Agreement; iv) maintain an appropriate approval process whereby Supplier’s approval is required prior to its Personnel storing IT One Data on portable devices, remotely accessing IT One Data, or processing such data outside of Supplier facilities. If remote access is approved, Personnel will use multi-factor authentication, which may include the use of smart cards with certificates, One Time Password (OTP) tokens, and biometrics.

Asset Management. Supplier will: i) maintain an asset inventory of all media and equipment where IT One Buyer Data is stored. Access to such media and equipment will be restricted to authorized Personnel; ii) classify IT One Buyer Data so that it is properly identified and access to it is appropriately restricted; iii) maintain an acceptable use policy with restrictions on printing IT One Buyer Data and procedures for appropriately disposing of printed materials that contain IT One Buyer Data when such data is no longer needed under the Agreement; iv) maintain an appropriate approval process whereby Supplier’s approval is required prior to its Personnel storing IT One Buyer Data on portable devices, remotely accessing IT One Buyer Data, or processing such data outside of Supplier facilities. If remote access is approved, Personnel will use multi-factor authentication, which may include the use of smart cards with certificates, One Time Password (OTP) tokens, and biometrics.