Not sure what you mean by protecting privacy. The console is specific to unreal engine. commands such as viewing the triangle count, or nanite visual representation. changing settings such as gamma, contrast, etc. its a development tool for engine based content debugging.
For example ARK Survival Evolved uses the console for their cheat commands in their pc builds as long as your an admin on a server or running a local game, During development it is what we used to profile hardware, Identify performance issues, and monitor networking.
While i was working the team on Last Oasis, I ended up using the console to identify network errors with procedural generated assets.
It is literally a Command (cmd) console for executing engine commands.