"after all, if BofA had encrypted the
> data on their tapes, they wouldn't have had anything to worry about =)"

Larry,

Glad you put a smiley face on this or we would have to examine your
sanity. Unfortunately many big company records managers are so smitten
with size that they choose companies like Iron Mountain because of
perceived "safety" while ignoring smaller companies who plow money and
resources into world class vault and asset tracking infrastructure.

From time to time we get contacted from large companies looking for a
bailout from Iron Mountain service failure...and they want someone
else to pay for it.

All you are seeing are the high profile cases. So far we've seen two -
I know of 3 more in Houston that are also big enough to make CNN.

My point here is - data storage companies have innate responsibity but
so do clients of data storage companies who are tasked with
researching vendors. I say don't dismiss the independents whose owners
are motivated to give excellent service.

Michael Marchand
VeriTrust - VP Operations
- Show quoted text -

On 5/2/05, Larry Medina <[log in to unmask]> wrote:
> On 5/2/05, Sandy, Murez K <[log in to unmask]> wrote:
>
> > It's quite strange that Iron Mountain has not made any comments to foster
> > its reputation and to indicate that all operations from Pick-up to arrival
> > at the Warehouse are streamline.
> > This is big.
>
>  I think they haven't found a way to turn it around to blame the client yet,
> like they did with Bank of America... after all, if BofA had encrypted the
> data on their tapes, they wouldn't have had anything to worry about =) I
> also wondere who is paying fo rth ecredit checks that Time Warner mentioned
> over the next year and who is paying to notify the employees that their data
> may have been compromised... the owner of the data or the firm who lost it?
>  And prior to their name being mentioned in the BofA incident (while the
> investigation was in progress), they were quoted in two other articles as
> stating the more effective way to manage this process was to send your
> information to an offsite service provider electronically rather than to
> generate tapes at all...
>  I guess this reduces 99.99% to 99.98%?? The counter is still running...
>  Larry
>
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