Bank of America lost backup tapes containing data on about 1.2 million federal employees. Time Warner lost a cooler-size container of computer tapes while it was en route to a storage facility. United Parcel Service lost the financial data of nearly 4 million Citigroup customers while computer tapes were being transported to a credit bureau. For many companies, there is no real owner of the entire process, no clear means of authenticating the identity of some data handlers and no guaranteed means of getting data from point A to point B.”]