Adequate protection of confidential information is an absolute must for SMEs as that information is so often one of the business' best assets.
The first question for businesses is “what is our confidential information”?
Often, confidential information will include client lists, your financials (including your margins), your design and methodology, ‘secret’ ingredients, contracting arrangements and proposed business takeovers/mergers.
The next question for your business is “how can we protect that confidential information”?
There are a range of legal and practical mechanisms that businesses can and should implement to protect their information, which is often one of their key assets.
These mechanisms include: