In today’s increasingly litigious and highly competitive workplace, confidentiality is important for a host of reasons:
- Failure to properly secure and protect confidential business information can lead to loss of business/clients
- In the wrong hands, confidential information can be misused to commit illegal activity
- The disclosure of sensitive employee and management information can lead to a loss of employee trust, confidence and loyalty
In addition, companies need to consider that there are more and more laws which govern the confidentiality and disposal of “personal identifying information”.