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The phrase "are closely guarded" is correct and usable in written English.
It can be used to describe information, secrets, or assets that are kept secure and not easily accessible to others.
Example: "The company's trade secrets are closely guarded to maintain a competitive advantage in the market."
Alternatives: "are tightly secured" or "are well protected".
Exact(54)
While drugmakers post exorbitant prices for some drugs, large insurance companies and pharmacy benefit managers negotiate large discounts on behalf of their customers that are closely guarded secrets, but on average are close to 40percentt.
(Its ingredients are closely guarded).
Exits and entrances are closely guarded.
Their techniques for couching are closely guarded.
Beyond that, the precise processes are closely guarded.
The Army's budget and the extent of all these economic activities are closely guarded.
Similar(6)
Companies are closely guarding the technology – and perhaps the fact that they're using it at all.
So perhaps it's no surprise that corporate spinmeisters are closely guarding their Wiki images.
BOOMERANG researchers are closely guarding their analysis until it is complete, which could take many months.
The site is closely guarded.
Information about the program is closely guarded.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com