GENERAL RECOMMENDED SECURITY MEASURES Clause Samples

GENERAL RECOMMENDED SECURITY MEASURES. By accessing Bank Services, the Company acknowledges that it has reviewed the security measures and protocols established by the Bank below and herein. The Company agrees that the security measures employed by the Bank are commercially reasonable. The Company agrees that the Bank is not responsible for any losses due to the Company’s lack of security protocols regarding its own computer systems, networks, and authentication mechanisms (i.e., passwords, security tokens, etc.). The Company understands the importance of these security measures and agrees that it is responsible for each of the following areas (a) Access Controls - Security of the Company user accounts passwords and access tokens (herein referred to as credentials) is of the upmost importance. Specific security measures should be used to ensure the security of these credentials. The Company agrees that it will (i) use credentials in a secure environment; (ii) allow only Authorized Persons to have access to the Company credentials; (iii) change the Company passwords on a regular basis and (iv) immediately notify the Bank if it believes that the Company credentials granting access to the Bank services have been compromised, (v) approve and monitor all delegation of access and credentials such that delegated access and authority is appropriate for each and every entity contained in this agreement. If the Company authentication credentials do fall into the wrong hands or are otherwise compromised, the Company agrees it is responsible for losses incurred. Additionally, the Company agrees to cooperate with the Bank on any investigation and prosecution of any individuals who gain access to the Company accounts through the unauthorized disclosure or theft of the Company authentication credentials. (b) Operational Controls - The Company may want to consider utilizing: i. Dual control to initiate ACH and wire transfers; ii. Automatic wire, ACH, and online alerts, to include event alerts, balance alerts, item alerts, and personal alerts; iii. Online access to reconcile all banking transaction daily; iv. Audits to ensure that security measures are implemented properly and effectively; and v. Education to employees about security measures and the dangers of user access.
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Related to GENERAL RECOMMENDED SECURITY MEASURES

  • Security Measures Lessee hereby acknowledges that the rental payable to Lessor hereunder does not include the cost of guard service or other security measures, and that Lessor shall have no obligation whatsoever to provide same. Lessee assumes all responsibility for the protection of the Premises, Lessee, its agents and invitees and their property from the acts of third parties.

  • Interim Measures 6.1 The Parties acknowledge that the British Columbia Claims Task Force made the following recommendation concerning Interim Measures:

  • Safety Measures Awarded vendor shall take all reasonable precautions for the safety of employees on the worksite, and shall erect and properly maintain all necessary safeguards for protection of workers and the public. Awarded vendor shall post warning signs against all hazards created by the operation and work in progress. Proper precautions shall be taken pursuant to state law and standard practices to protect workers, general public and existing structures from injury or damage.

  • Sector Sub-Sector Industry Classification Level of Government Type of Obligation Description of Measure Source of Measure All sectors : : - : Central : National Treatment Senior Management and Board of Directors : National Treatment and the Senior Management and Board of Directors obligations shall not apply to any measure relating to small and medium sized domestic market enterprise2. Foreign equity is restricted to a maximum of 40% for domestic market enterprises with paid-in equity capital of less than the equivalent of USD 200,000 Note: Members of the Board of Directors or governing body of corporation or associations shall be allowed in proportion to their allowable participation or share in the capital of such enterprises. : -1987 Constitution of the Republic of the Philippines. - Foreign Investments Act of 1991 (R.A. No. 7042, as amended by R.A. No. 8179). -Presidential and Administrative Issuances. ∞ 2 The concept of a small and medium sized domestic market enterprise is an enterprise with paid in equity capital of less than the equivalent of USD 200,000.00.

  • Protective Measures We have implemented and will maintain appropriate technical and organisational measures in relation to the Services taking into account the state of the art, the costs of implementation, and the nature, scope, context and purposes of Processing, as well as the likelihood and severity of risk to the rights and freedoms of data subjects. This includes measures relating to the physical security of Our facilities used to deliver them, measures to control access rights to Our assets and relevant networks, and processes for testing these measures. In accordance with Our obligations under applicable law, We may undertake digital forensic investigations in relation to the use of the Services and Subscriptions. You are responsible for using, and ensuring that your Users use, the controls and advice provided by the Services correctly and consistently.