It is important to secure any server that manages business critical data and its customers. The fact that servers reside in a secured facility doesn't prevent them from being at risk to data loss or theft. Sometimes storage drives in a server are misplaced during transportation, which can lead to data loss. Another example would be to prevent offline attacks. If data drives are stolen and inserted into another system to boot with another operating system, this basically bypasses the password protection. If that drive isn't encrypted, its information can be retrieved and exposed to unwanted audiences, leaving an organization at risk of regulatory violations, personal lawsuits, and damage to its corporate reputation.
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