Proprietary Business Information is Confidential

An employee should uphold the confidentiality of information assigned to them by the company and its customers, except when revelation of such information is authorized or required by applicable laws, rules or regulations. “Confidential information” includes all records, non-public information related to the company and its business, customers, or vendors that come to an employee in the course of carrying out the employee’s duties and that can be value to competitors or damaging to the company or its business if revealed.

Confidentiality means keeping information given by or about an individual in the course of a professional relationship secure and safe from others. There are eight principals of good practice and anyone processing personal information must comply with them.

Information will also be retrieved in situations where information might have to be shared with partner companies and with the police or Tax Services.

It is the responsibility of every employee to ensure all confidential records are kept secure. These must be stored in a locked cabinet or locked area which is accessible for each person we support to access.

The information is stored in locked filing cabinets as the information can hold company details and account numbers this is only accessible by the Administration staff and each file is signed out on a register.

* Confidentiality – the steps that are taken when people’s information is not kept confidential and on a need to know basis

We may provide information about you to our employees and agents in order to administer any accounts, products and services provided to you by Computers

It is also ensured that the information cannot be accessed and read by those who do not need to be involved. Furthermore, confidentiality is considered as important as is means that the worker will gain support and trust by the person who has given them the information. Also it is important because people may not feel valued and may lack in self-esteem if their private information were to be shared with others. Also, it is important to keep the information safe because it could mean the clients safety could be put at risk if the information becomes public knowledge.

Confidentiality and information security are the key aspects for an organisation. So an organisation must make sure that it preserves these along with integrity. Any information even if it is a little one, if lost can lead to the non-existence of the organisation.

The types of information that are confidential and how to store them in line with current legislation.

A large volume of information is exchanged between the local offices and the corporate office, along with billing information. It also appears that a lot of paperwork is required for the day-to-day operation of the company. Each remote office must make photocopies of billing and timecard information before sending it to corporate headquarters. This is done to safeguard the information in case it is lost in transit.

The ‘secret' designation referred to information in which its disclosure might endanger the national security, or cause serious injury to the interests of the nation or be of great advantage to a foreign nation. Similarly, ‘confidential' could be applied to material of such a nature that is disclosure, although not endangering the national security, might be harmful to the interests or prestige of the Nation. The term ‘restricted' is used in instances where information is for official use only and should be denied access to the general public.

As technology grows and information has become a critical asset companies currently are devoted their resource and money to protect their data as important as their finance and human resource assets.

Confidentiality must be met in the storage, processing, and transmission of data in an organization. For example, we are going to look at a major recent data breach. On March 8, 2017, the US department of homeland security sent Equifax and notice to patch a vulnerability in versions of the Apache Struts software. On March 9, Equifax dispersed the information to applicable personnel. Although told to apply the patch, Equifax security team did not find

Consolidated financial statements offer a comprehensive view of entity’s financial performance. Such aggregation process leads to information loss. It also can’t reveal profitable or unprofitable subsidiaries and divisions which can be considered high risk owing to excessive debt levels can also escape attention. Thus, segment disclosures enable a more informed assessment of performance and associated risks of an organization i.e. it is in the best interests of the investors because they use such information to allocate their resources efficiently. Segment reporting is also a good sign of managerial stewardship. Two factors which support this are, first, bad investment decisions will be emphasized and secondly, segment’s results