There has been a recent spate of data loss (likely theft, but nobody wants to say so) from some major data warehousing operations, information brokers, and financial institutions, and some of that loss has come in the form of “missing” backup tapes. The question is, if backup tapes are a backdoor for ID thieves, who the heck is responsible for sending and receiving so much bulk data in a non-encrypted format? The fact that this was being done came as a complete surprise to me – I always assumed that those drives being carted off to Iron Mountain were encrypted.
With so much personal data being moved by financial institutions, are we looking at a forming trend which could be described as the 21st century’s version of the stagecoach robbery?
The New York Times reported today that data on 600,000 current and former Time Warner employees was just lost. Time Warner is blaming the incident on Iron Mountain.
I wonder if that data was encrypted – my “eight ball” says “Signs Point to No.”