Managing data security obligations in commercial transactions
Managing data security obligations in commercial transactions usually requires both the customer and supplier to allocate appropriate personnel and IT systems, develop contract management manuals, and implement a range of operational processes.
Both customers and suppliers have concerns in relation to managing data security obligations.
Both customers and suppliers should ensure that they assign appropriate personnel and resources to managing their contractual obligations relating to data security.
A service provider should conduct regular audits of its IT security systems, processes, practices and policies.
There are a number of key contract management issues in relation to data security that customers and suppliers should be aware of.