It's not much of a fine if it's fine with them

from here and here

Thousands of unencrypted hard drives and tapes full of millions of customer records, and Morgan Stanley only has to pay $35M to make up for failing to wipe them before they got sold off to 3rd parties. That's maybe a couple dollars per affected customer. You'd think a financial institution of their calibre would be able to afford a couple more zeros.

Don't just wipe it, doggone it

from here (image source)

Is the data really unrecoverable? I suppose the actual memory chip(s) might be small enough to have survived this superficial chewing, but if you let it go for long enough it won't matter how small the chips are.