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Discussion (22 Comments)Read Original on HackerNews
There were rampant issues in the fintech world that exploded when Synapse, a banking as a service provider, went bankrupt and their ledger didn't match what partner banks had in their accounts. End users were told "your deposits are FDIC insured", but in bankruptcy court the judge was sort of at a loss over how to rectify things - the banks weren't insolvent, and the FDIC (rightfully) said "hey, this isn't our problem, our regulated entities are in compliance". Looks like a similar situation happened here, where the contractors are both doing the "not it" thing.
I feel like a lot of tech innovation and "business process innovation" over the past 15 years was just ignoring regulations that were built up over decades, only discovering the reasons for those regulations when the tide went out and seeing that lots of companies had been pantsless the whole time.
https://web.archive.org/web/20040628023451/https://www.ossto...
https://web.archive.org/web/20250329140721/https://www.ossto...
(The first version isn't too exciting. It's a broken Flash site.)
That is how I interpret the article anyway
By solving this as they have done, Iron Mountain can assure other clients they will not just let a third person circumvent their clients. They can now say they only did it by a court order even if they were more than willing to accept the asterisk and do it on principle. Everyone is happy. Everyone is whole.
Also some articles and people on social media were unclear that it was just a single PBS station involved, rather than all PBS content. I saw comments that thought that all the archives for Sesame Street were lost.
Sometimes things are transmitted in painful ways like rebroadcast in off hours over microwave links between members so they can re-record what they lost.
Plus the endless game of "hey does anyone have that one obscure episode of this one program we made?" to your colleagues...
Apparently you didn't find them important enough to have backups. Hundreds of thousands of dollars a year in net income and they couldn't afford a cheap NAS with 4 disks. Incredible.
You're right, they are. If your data can't survive a single storage host vanishing from existence, you don't have a backup. If your data can't survive one predictable or regularly occurring catastrophic act of nature, you don't have a backup. If your data can't survive a piece of malware -- with all of the credentials you have -- erasing it, you don't have a backup.
EDIT: Also, if you don't regularly test that your backups actually work, you probably don't have a backup. Lots of companies learn that one the hard way.
Did you just find a random HN article that had "judge" in the name, and register an account to air an unrelated grievance?