Hi @Rohith Kuruppath, you can point your security team to our Project Bob Early Cloud Service Agreement terms. There will be a GA terms document coming when Bob goes GA, but for now, you can refer to section 4.1 Use of Content: "IBM will not use the Content or outputs to train any foundation models or embedding models."
Please note, that there is a feedback component of IBM Bob in section 2. Feedback but this is a client opt-in feature for the sole purpose of improving the product.
A member of our team would be more than happy to help answer any further security questions if needed.