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The Digital Age Creates Confidentiality Risks

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Tuesday, December 1, 2020

In the old days, a firm’s business secrets and crucial data were kept within the walls of its building. However, as we have entered the digital age, this is no longer the case. Businesses need to realise that the risks of their business information and personal information being shared outside of the working environment is much greater than ever before. For more information read here.

If an employee is able to take home with them an entire client list, marketing strategy and pricing on their private portable device, then the business becomes very vulnerable and crucial business data becomes outside of the employee’s control. 

Our practice is located outside of the Perth CBD and because of this our hourly rates and fixed prices for commercial work and for litigation are 20% lower than the standard rates charged by most Perth law firms.  Our rates are extremely competitive compared to the rates charged by other commercial law firms. 

Employers should be cautious about allowing their staff to use their own portable devices for work because by doing so, confidential information could be easily compromised. This type of information can easily be loaded, even innocently, onto a staff member’s portable device. When this occurs, the information becomes vulnerable and may not be protected by the business’ security measures. This is particularly concerning if the employee has malicious intent to pass on this information onto business rivals.  

Employers need to ensure that they are aware of the risks associated with technology and put in place safety measures to prevent their confidential information being put into jeopardy. This is important, because if an employee resigns or is dismissed, they could effectively walk away with company secrets and customer information if sufficient measures have not been taken.

Liability limited by a scheme approved under Professional Standards Legislation.

 

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