In this lesson, Nick Palazzolo, CPA, clarifies the distinctions between confidentiality and privacy, concepts that are crucial but often misunderstood as interchangeable. He delves into what specifically protects the rights of various users and groups, shedding light on the importance of these protections in the broader context of financial and personal information security. Nick also integrates these concepts with other related lessons to create a cohesive understanding. To enhance comprehension and retention of the material, he recommends engaging with multiple choice questions, simulation exercises, and flashcards that are designed to complement and reinforce the lesson's content. This engaging session aims to equip you with a robust understanding of how confidentiality and privacy intersect and operate within the professional realm.