Common use of Security of Password Clause in Contracts

Security of Password. You agree to keep your password in confidence, to refrain from disclosing your password to any third party, and to refrain from recording or displaying your password in such a manner that they will be accessible by third parties. Any person having access to your password will be able to access CyberMAT and perform all transactions, including reviewing account information and making transfers to other accounts and to other persons. You agree that the use of the password by you, any other applicant, any party to any of your accounts which may be accessed by the password, anyone you permit or authorize to use your password, and anyone to whom you disclose your password or give access to your password shall be deemed an authorized use for which you shall be liable. You agree not to disclose or otherwise make your password available to anyone not authorized to sign on your accounts. If you authorize anyone to use your password, that authority shall continue until you specifically revoke such authority by notifying Air Force FCU in writing. You will be responsible for reporting the loss, theft, or compromise of your password to us as soon as possible after the loss, theft, or compromise. For your security, in the event that someone tries to access your account without knowing your password, CyberMAT will lock out all access to your account after a third incorrect password entry. In such event, you must contact the Credit Union to have access to your account by way of CyberMAT unlocked. If you fail to maintain the security of your password and Air Force FCU suffers a loss, we may terminate your access to CyberMAT immediately.