Confidentiality risk management guide


Produced in partnership with Ishika Patel of Lawyers on Demand
Practice notes

Confidentiality risk management guide


Produced in partnership with Ishika Patel of Lawyers on Demand

Practice notes
imgtext

Why you need to manage this risk

confidential information is one of the most valuable assets of any business. confidentiality is frequently the best way of protecting trade secrets and valuable know-how where these are not otherwise adequately protected by intellectual property rights, or where using the protection of intellectual property rights is unattractive for commercial reasons. Breach of confidentiality can directly cause the loss of a key business asset and/or business disruption.

Examples of items which might be considered confidential within a business include:

  1. •

    commercial records such as price lists, customer lists, details of customers, suppliers, business partners and relationships with regulators or other third parties

  2. •

    unpublished copyright works

  3. •

    mathematical formulae and manufacturing techniques, processes, designs, drawings and engineering

  4. •

    secure codes and algorithms

  5. •

    personal employee information such as compensation arrangements, benefits, hours or work etc

  6. •

    confidential information about your employees (eg performance review information, information and sickness records)

  7. •

    hardware configuration information

  8. •

    plans, sketches and diagrams

  9. •

    software, developments, inventions

  10. •

    any information relating to the company’s current

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Confidentiality definition
What does Confidentiality mean?

Duty imposed in conduct whereby an individual and firm must keep clients' matters confidential.

Read more

Popular documents

Contract management risk management guide

Contract management risk management guideWhy you need to manage this riskContract management is often seen by the business as an activity which is aimed not at ‘finding fault’ but is instead designed to identify problems, find solutions and resolve issues before they become disputes. However, this

Supply chain risk management guide

Supply chain risk management guideA supply chain map starts with the sourcing of raw materials and goes up to production of finished products—and covers everything in between. Depending on the industry or sector in which your organisation operates, its supply chains can be relatively short, with

Information security risk management guide

Information security risk management guideWhy you need to manage this riskInformation is an asset. Preserving and protecting that asset is critical to the commercial success of any organisation. It is not something you can tackle in isolation, as there are obvious overlaps with cyber security, data

Scotland—the process for applying for sequestration

Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of