Boston Business Journal - May 2, 2005

Iron Mountain Inc. lost computer tapes containing information on 600,000 people employed by Time Warner Inc. since 1986, the Wall Street Journal reported Monday.

Iron Mountain spokeswoman Melissa Burman confirmed that one box of computer tapes containing Time Warner employee records had been lost.

New York-based Time Warner (NYSE: TWX) said the U.S. Secret Service is investigating the incident.

The newspaper quoted Time Warner spokeswoman Kathy McKiernan saying the tapes were placed in a container on March 22 and failed to show up at an Iron Mountain storage facility that same day.

No evidence has turned up that the tapes' contents have been accessed or misused, but the companies have been unable to rule out foul play. Time Warner is providing affected employees with resources to monitor their credit reports.

On April 21, Iron Mountain issued a general statement recommending that companies encrypt information contained in backup tapes.

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