Which statement about handling confidential information is correct?

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Handling confidential information hinges on restricting access to those with a legitimate need to know. The best practice is to disclose only to authorized personnel, and only when required by law or contract, or with explicit consent. This approach upholds privacy, protects stakeholders, and supports trust and compliance with legal and contractual obligations. Revealing information to anyone who asks ignores authorization and could violate privacy policies. Sharing with competitors risks harming the organization and breaking confidentiality promises. And refusing to store information securely or neglecting safeguards directly undermines protection efforts and can lead to breaches and penalties.