Snip from Internet Article and newspaper article about lost tapes:

> "In the course of making a delivery, a simple, routine delivery, we 
> lost a container of tapes," he says.
>
> Iron Mountain contacted City National and the US Secret Service as 
> soon as the loss was discovered. As part of the investigation, Iron 
> Mountain employees who may have had access to the tapes had 
> lie-detector tests.
>
> "The clear consensus was the tapes were just lost," Mr Rubin says. 
> "There was no evidence of any foul play." He admits there have been 
> several losses of digital records at Iron Mountain this year. 

If the first line is correct...........
>> "In the course of making a delivery, a simple, routine delivery, we 
>> lost a container of tapes," he says.

That the next step is to bring in the Secret Service???????  If this is 
serious enough that the Secret Service is coming in due to a threat to 
our national security, then these are not just lost tapes.

Since when is the first step, the Secret Service.  How about:  
Police.....then FBI......then the FBI decides the next step??

I just attended a Seminar  Richmond Technology Summit that had 
presentations by IT Managers, CIO's, Oracle, Auditors, Lawyers and 
Deloitte and it was amazing how serious the IT community is taking SOX. 
  In addition, they are getting ready for the new wave of Identity Theft 
legislation.

There were some great presentations and they will be available from the 
presenters in the coming days at www.richtech.com.  this might be worth 
looking at.  If there is a Technology summit near your area, you should 
attend. They covered some great issues about SOX.

The security consultant from Oracle talked to me about the rampant 
sales of private and personal financial data being transacted via web 
sites.  There are so many sites springing up that the government can't 
keep them shut down.  A pod of financial data is sold for $10.00 so the 
incentive for tapes to keep being stolen will continue until better 
security is put in place.

ARMA and the IT community should ask what steps are going to be taken 
to stop the loss of these tapes.  We are hearing of trucks stolen, 
containers being stolen and all we hear is, "the tapes were just lost".

The Secret Service would not be invited in unless a serious security 
breach is occurring.

One concern at the Summit was that sending software development, and 
data base management offsite presented a threat to American interests.  
No laws exist that will protect us as individuals.  We also have no 
power to demand that our financial data be removed from all these 
random data bases that are sent over seas to lower costs for a 
corporation.  Now the missing component is the financial data from our 
personal accounts is walking right out of the country.

What good will encryption do us, if we let foreign interests develop 
our software. If they develop the encryption systems, then the keys and 
back doors are already available to off shore interests.  We need 
tighter control at all levels and it is encouraging that auditors and 
the IT professionals are starting to develop techniques.

But in the meantime, we are really at risk for our personal financial 
data and thousands of credit ratings are going to be ruined.  There 
suggestion was to sign up for a Service Company that constantly 
monitors your credit activity and alerts you to every large purpose, 
and any credit application in your name.  But now we have another 
entity with our financial data??  It never ends.....

Hugh Smith

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