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Trade secrets or confidential commercial information are a type of intellectual property (IP) that includes formulas, practices, processes, designs, instruments, patterns, or compilations of information that have inherent economic value because they are not generally known or readily ascertainable by others, and which their owner takes reasonable measures to keep secret. [1]
The word privacy is derived from the Latin word "privatus", which means set apart from what is public, personal and belonging to oneself, and not to the state. [3]It is also derived from the Latin word 'privo,' which conveys the idea of deprivation or being robbed of.
Georg Simmel. The sociological aspects of secrecy were first studied by Georg Simmel in the early-1900s. Simmel describes secrecy as the ability or habit of keeping secrets. He defines the secret as the ultimate sociological form for the regulation of the flow and distribution of information. Simmel put it best by saying "if human interaction ...
However, as privacy became an increasingly prevalent problem, the FTC evolved into the de facto authority over consumer privacy. Although it was never explicitly stated that the FTC would have power over consumer privacy regulations, Congress allowed the FTC more and more responsibilities beginning in the late 1990s. [ 21 ]
Secrecy is the practice of hiding information from certain individuals or groups who do not have the "need to know", perhaps while sharing it with other individuals. That which is kept hidden is known as the secret. Secrecy is often controversial, depending on the content or nature of the secret, the group or people keeping the secret, and the ...
Communication privacy management theory. Communication privacy management (CPM), originally known as communication boundary management, is a systematic research theory developed by Sandra Petronio in 1991. CPM theory aims to develop an evidence-based understanding of the way people make decisions about revealing and concealing private information.
Transparency (behavior) As an ethic that spans science, engineering, business, and the humanities, transparency is operating in such a way that it is easy for others to see what actions are performed. Transparency implies openness, communication, and accountability. Transparency is practiced in companies, organizations, administrations, and ...
Banking secrecy, [1][2] alternatively known as financial privacy, banking discretion, or bank safety, [3][4] is a conditional agreement between a bank and its clients that all foregoing activities remain secure, confidential, and private. [5][6] Most often associated with banking in Switzerland, banking secrecy is prevalent in Luxembourg ...