Common use of Information System Security Clause in Contracts

Information System Security. The Undersigned and the Bank shall ensure the security of the information system used respectively in order to prevent any illegal intrusion, access, modification, destruction of business records or personal data of the Undersigned. The Bank shall bear the burden of proof for the non-existence of any disputes over any third party’s cracking into the protective measures of the Bank's information system or taking advantage of the leaks in such information system. The Bank shall bear the liability for any damage to the Undersigned caused by a third party intruding into the Bank’s information system.

Appears in 3 contracts

Sources: Account Opening Master Agreement, Account Opening Master Agreement, Account Opening Master Agreement