Authorisation and Security Clause Samples

The 'Authorisation and Security' clause establishes the requirements and procedures for ensuring that only properly authorised individuals can access certain information, systems, or resources. In practice, this clause may specify the need for secure passwords, multi-factor authentication, or designated approval processes for sensitive actions. Its core function is to protect confidential or critical assets by preventing unauthorised access, thereby reducing the risk of data breaches or misuse.
Authorisation and Security. 4.5.1 The customer authorises the Bank to carry out any and all instructions given via the facility, including the debiting of and transfer of funds from the account by way of the Caribbean Union Bank’s Internet Banking interface, and the furnishing of information on the accounts, provided that the instructions are authenticated by the use of: 4.5.1.1 The customer’s username; 4.5.1.2 The customer’s password; 4.5.1.3 The customer’s transaction password; 4.5.1.4 Any other procedures which may be agreed to in writing between the customer and the Bank. 4.5.2 On request of paying of accounts/third party payments, the customer will not hold the Bank responsible for any loss, damage or liability which may arise out of the non-payment or late payment of any account for which a payment instruction has been given to the Bank, or which may arise out of the failure or unavailability of the third party’s facilities or systems, or the inability of any third party to process a transaction. 4.5.3 The customer indemnifies the Bank in respect of any loss or damage or claim that may be instituted against the Bank arising from non -payment or late payment in this respect. For purposes of this clause, “third party”, includes, without limitation, any Electronic Clearing House (ECH) and all other financial institutions where the destination accounts are kept. 4.5.4 The customer accepts the financial limits imposed on transfer and collection of funds, which limits may be altered at any time by the Bank. 4.5.5 It is the customer's responsibility to control and restrict access to the facility. The Bank will supply the customer with the means to register customer’s passwords for each nominee. All nominees, accompanied by the customer, will need to call on the branch, identify themselves and select an individual customer password. The customer can change his/her password on the site or by giving written instructions to the Bank at any time. It is the customer's responsibility to ensure that the customer’s passwords supplied to nominees are changed regularly. 4.5.6 The customer must keep the details of his password secret. The customer must not disclose his password, thereby giving access to any unauthorised person. The customer must notify the Bank immediately on becoming aware that his customer password may have fallen into the hands of an unauthorised person. In the event that a customer believes that his customer password has been taken or used without authorization or permission,...
View SourceView Similar (2)
Authorisation and Security 
View SourceView Similar (5)

Related to Authorisation and Security

  • DATA PROTECTION AND SECURITY A. In this Agreement the following terms shall have the meanings respectively ascribed to them:

  • Safety and Security Contractor is responsible for maintaining safety in the performance of this Agreement. Contractor shall be responsible to ascertain from the District the rules and regulations pertaining to safety, security, and driving on school grounds, particularly when children are present.

  • Data and Security If Contractor is granted access to Court Data, Confidential Information or Court Work Locations in the performance of the Work;

  • Access and Security Customer shall employ all physical, administrative and technical controls, screening and security procedures and other safeguards necessary to: (a) securely administer the distribution and use of all Access Credentials and protect against any unauthorized access to or use of the Hosted Services; and (b) control the content and use of Customer Data, including the uploading or other provision of Customer Data for Processing by the Hosted Services.

  • Privacy and Security (a) Each of the Company and its Subsidiaries complies (and requires and monitors the compliance of applicable third parties) in all material respects with all applicable Laws relating to privacy or data security, and reputable industry practice, standards, self-governing rules and policies and their own published, posted and internal agreements and policies (which are in conformance with reputable industry practice) (all of the foregoing collectively, “Privacy Laws”) with respect to: (i) personally identifiable information (including name, address, telephone number, electronic mail address, social security number, bank account number or credit card number), sensitive personal information and any special categories of personal information regulated thereunder or covered thereby (“Personal Information”), whether any of same is accessed or used by the Company or any of its Subsidiaries or any of their respective business partners; and (ii) non-personally identifiable information, whether any of same is accessed or used by the Company or any of its Subsidiaries or any of their respective business partners. (b) Neither the Company nor any of its Subsidiaries uses, collects, or receives any Personal Information or sensitive non-personally identifiable information and does not become aware of the identity or location of, or identify or locate, any particular Person as a result of any receipt of such Personal Information, in a manner which would materially breach or violate any Privacy Laws and materially and adversely impact the business of the Company and its Subsidiaries, taken as a whole. (c) To the Company’s knowledge, Persons with which the Company or any of its Subsidiaries have contractual relationships have not breached any agreements or any Privacy Laws pertaining to Personal Information and to non-personally identifiable information. (d) To the Company’s knowledge, the Company and its Subsidiaries take all commercially reasonable steps to protect the operation, confidentiality, integrity and security of their respective business systems and websites and all information and transactions stored or contained therein or transmitted thereby against any unauthorized or improper use, access, transmittal, interruption, modification or corruption, and there have been no material breaches of same. Without limiting the generality of the foregoing, each of the Company and its Subsidiaries (i) uses industry standard encryption technology and (ii) has implemented a comprehensive security plan that (1) identifies internal and external risks to the security of the Company’s or its Subsidiaries’ confidential information and Personal Information and (2) implements, monitors and improves adequate and effective safeguards to control those risks.