Computer error rocks Alaska's fund

["Richard M. Smith" <rms () computerbytesman com>]

http://news.yahoo.com/s/ap/20070320/ap_on_hi_te/lost_data_3 

JUNEAU, Alaska - Perhaps you know that sinking feeling when a single
keystroke accidentally destroys hours of work. Now imagine wiping out a disc
drive containing an account worth $38 billion. 

That's what happened to a computer technician reformatting a disk drive at
the Alaska Department of Revenue. While doing routine maintenance work, the
technician accidentally deleted applicant information for an oil-funded
account - one of Alaska residents' biggest perks - and mistakenly
reformatted the backup drive, as well.

There was still hope, until the department discovered its third line of
defense, backup tapes, were unreadable.

...



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