What Is Highly Confidential Information?

Why is it important to protect confidential information?

Failure to protect and secure confidential information may not only lead to the loss of business or clients, but it also unlocks the danger of confidential information being misused to commit illegal activity such as fraud.

A key element of confidentiality is that it helps build trust..

Which of these are examples of highly confidential data?

Examples of confidential data include:Social Security Numbers.Credit Card Numbers.Health Records.Financial Records.Student Records.

How do you treat confidential information?

Ten ways to protect your confidential informationProper 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. … Consider notifying the new employer.More items…•

What happens if information is not kept confidential?

Failure to properly secure and protect confidential business information can lead to the loss of business/clients. 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 type of data must be kept confidential?

3 Types of Documents That Should be Kept ConfidentialDocuments with Employees’ & Clients’ Personal Information.Office Plans, Office IDs and Internal Procedure Manuals.Contracts and Commercial Documents.

What can go wrong if confidentiality is breached?

As an employee, the consequences of breaking confidentiality agreements could lead to termination of employment. … As a business, a breach of confidentiality could result in sizeable compensation pay-outs or legal action, depending on the scale of the breach.

What are the different types of confidential information?

What are the Different Types of Confidential Information?Name, date of birth, age, sex, and address.Current contact details of family.Bank information.Medical history or records.Personal care issues.Service records and file progress notes.Personal goals.Assessments or reports.More items…

Who is responsible for confidential information?

The human resource department is responsible for overseeing employee relationships, monitoring performance evaluations, and maintaining confidential information related to people within the organization.

What is the difference between confidential and highly confidential?

“Confidentiality” is a broad term that comprises a number of legal doctrines related to a lawyer’s duty not to reveal secrets. … A “highly confidential” marking might mean that only certain key players involved in a case are authorized to study a document.

Is source code highly confidential?

Highly Confidential Information – Source Code means extremely sensitive “Confidential Information” that defines or otherwise describes in detail the algorithms or structure of software or hardware designs, disclosure of which to another Party or Non-Party would create a substantial risk of serious harm that could not …

What is not considered confidential information?

The following shall not be considered to be Confidential Information: (a) information which is publicly known or which becomes publicly known through no fault of the receiving party; (b) information which is lawfully obtained by the receiving party from a third party (which third party itself lawfully obtained the …

How do you protect sensitive information?

5 Key Principles of Securing Sensitive DataTake stock. Know what personal information you have in your files and on your computers.Scale down. Keep only what you need for your business.Lock it. Protect the information that you keep.Pitch it. Properly dispose of what you no longer need.Plan ahead. … Take stock. … Scale down. … Lock it.More items…

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.medical history or records.personal care issues.service records and file progress notes.individual personal plans.assessments or reports.More items…

What information is confidential in a workplace?

Legal Examples Personnel information is confidential, and information in an employee’s file, such as social security number, salary, health records, disciplinary actions and termination reason can’t be discussed with other employees.

Does HR have to keep conversations confidential?

HR has no lawful obligation to maintain confidentiality in anything you discuss. You may expect your HR person to remain confidential to the greatest possible extent. However, remember that the HR person’s primary loyalties and responsibilities concern the organization’s business needs.

How do you identify confidential information?

If identifying confidential information is still halfway in your company, do the following:Map the data. Go through the data handled in different functions. … Identify the responsibilities and obligations. … Assess the risks. … Define security levels.

What does strictly confidential mean?

If something is “strictly confidential”, it means that you absolutely can’t tell anyone. The word “strictly” means “completely” or “absolutely”. “Confidential” means “secret”, in the sense that you’re not allowed to tell anyone.