Confidentiality is a term used to describe something that cannot be told to or shared with anyone else because it must remain a secret.
Confidentiality at work involves keeping verbal and written information private. You should never discuss an idea with a competitor or reveal any information about the business to outsiders. If you are asked about the company by anyone outside your company, the standard response should be, “I’m sorry, but I cannot disclose that information.”
Confidential information may include company budgets, accounting methods, product development plans, marketing plans, or patents. You should be careful about sharing confidential information outside of the workplace. It could be used against your employer, and it may hurt your reputation and future employment prospects.
How Confidentiality Matters?
Confidentiality matters for a number of reasons. It is important for legal and reputational reasons to ensure that your future employment does not depend on revealing information because people generally do not like the idea of their privacy being violated.