[Guest10928391]

In the case of NCIX (electronics retailer like Newegg but in Canada), they recently went bankrupt and sold off their servers without wiping their data. The servers contained 15 years worth of personal information for their customers (4 million orders, 250,000 plain text payment cards, passwords, email addresses, etc). The person who received the servers then started selling them on Craigslist, and allowed people to simply buy the data and make a copy.

That's one example of a worst case scenario.