Tuesday, May 3, 2005Time Warner Inc/Infobox
Time Warner Inc announced that they are unable to locate a container holding 40 backup tapes. These tapes contain personal information on 600,000 current and former employees back to 1986. This information includes details on dependents and beneficiaries, in addition to Social Security numbers. Customers were not affected, Time Warner said.
The U.S. Secret Service is investigating and has not found any evidence that the tapes have been misused. This loss affects most of the 85,000 current employees. The tapes were lost by Iron Mountain Inc., a data storage company, which routinely handles off-site data storage for Time Warner and many other Fortune 500 companies. Time Warner has said that the tapes would require expensive equipment to read them, and that they were encrypted.