Mellon Bank Backup Tape Loss Was Preventable

As reported by Computer World on May 30th, Bank of New York Mellon Corp. lost a box of unencrypted data storage tapes containing personal information of more than 4.5 million individuals. These tapes went missing while a third-party vendor was transporting them to an off-site facility.

Risk associated with tape transport ranks at #8 on an industry trend published by Index Engines. This new report sites reasons enterprises are choosing to bring tape discovery in-house. An excerpt of this trend report is reprinted below:

Transferring tapes is risky.
It’s simple – tapes fall off trucks, get dropped or damaged.
Keeping mountains of tapes containing legacy data is a liability. To remove this risk and expense the logical approach is to extract the responsive data, place it on litigation hold and stop transporting tapes.

Index Engines technology is changing the way businesses are managing data on backup tapes. They now have the option to search and access files and email stored on backup tape without using a third party. An in-house eDiscovery approach is faster, safer and more cost-effective than relying on vendors who have little at stake if mistakes are made. As more and more enterprise IT teams adopt the Index Engines technology, stories about missing tapes will become a thing of the past. For a full copy of the in-house discovery trend report click here.