BOSTON—Gathered in the subterranean confines of a decommissioned vault in the basement of the Boston Stock Exchange, a panel of IT experts told the assembled crowd that short of locking all their proprietary information in such a contraption, there may be little hope for securing their data.

Brought together on May 12 for imaging giant Xerox’s 2006 Security Summit, the group of technology, intellectual property and law enforcement specialists painted a dreary picture of the current state of information security in enterprise companies, and even U.S. government agencies.

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