Bank of America Corp. disclosed last week that it lost digital tapes containing the credit card account records of 1.2 million federal employees — including 60 U.S. senators. Users and analysts said the mishap highlights the risk of physically moving archived data to storage facilities and will likely feed a movement toward network-based disk-to-disk backup systems. The data loss, which occurred late last year, also prompted legislators to renew calls for national legislation similar to California's identity theft law, which requires immediate disclosure when customer information is compromised.
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