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3. Whilst a simple re-formatting is adequate for materials that are to be re-used internally, this is not adequate for anything that is leaving the organisation. It is far too easily recovered. The industry standard (for those who actually have standards ..........and many do not) is to use a military/government approved methodology. This is quite natural, as it makes a much stronger case in court than an "industry standard" that may well be flawed, government standards being generally more acceptable than private sector ones in this area. The process includes formatting but has the additional overwriting procedures. I suspect that the rationale behind this is that I might "accidentally" recover a formatted drive, but if I recover a wiped drive that would be a very deliberate action? "Malice and aforethought" and all that sort of thing?
While it is true that US DOD/MIL standards are far more secure than commercial standards, companies need to take care if they plan on picking and choosing.