What Is Meant By Confidential Information?

What is the purpose of confidentiality?

The purpose of a confidentiality agreement, which is also referred to as a nondisclosure agreement or NDA, is to protect information exchanged between two or more parties.

Anyone who signs a confidentiality agreement is promising to keep the relevant information secret..

What is the definition of breach of confidentiality?

A breach of confidentiality occurs when data or information provided in confidence to you by a client is disclosed to a third party without your client’s consent. While most confidentiality breaches are unintentional, clients can still suffer financial losses as a result.

Why it is important to maintain confidentiality in the workplace?

In today’s increasingly litigious and highly competitive workplace, confidentiality is important for a host of reasons: … In the wrong hands, confidential information can be misused to commit illegal activity (e.g., fraud or discrimination), which can in turn result in costly lawsuits for the employer.

What are examples of confidential information?

The types of information that is considered confidential can include: name, date of birth, age, sex and address. current contact details of family, guardian etc. bank details.

How do you treat confidential information?

Here are 10 suggestions to help protect confidential information:Proper labelling. … Insert non-disclosure provisions in employment agreements. … Check out other agreements for confidentiality provisions. … Limit access. … Add a confidentiality policy to the employee handbook. … Exit interview for departing employees.More items…•

What is the meaning of confidentiality in the workplace?

not sharing trade secretsIn some instances, confidentiality refers to not discussing internal goings-on with co-workers. In other instances, it refers to not sharing trade secrets and other company information with competitors, the press or anyone outside of your company.

How do you protect sensitive information?

In order to protect sensitive information against malicious agents, it’s essential to take these important steps.Educate employees on best network security practices. … Create a BYOD policy. … Create a robust policy for handling sensitive data. … Encrypt your data for protection. … Focus on password security.More items…•

What are the principles of confidentiality?

The principle of confidentiality is about privacy and respecting someone’s wishes. It means that professionals shouldn’t share personal details about someone with others, unless that person has said they can or it’s absolutely necessary.