Lost & Found mobile devices

["Plesco, Todd" <tplesco () CHAPMAN EDU>]

We have several locations (Public Safety, help desk, etc) where occasionally a thumb drive is dropped off which was 
found on campus.  

Do you erase them outright?  Do you check them (for a resume.doc type identifying file)?  What are the liabilities?  
How does your organization handle lost&found thumb drive devices?  Policy?

Todd A. Plesco  CISM, CBCP
Chapman University, Director of Information Security
One University Drive, Orange, CA 92866
Phone: (714) 744-7979/Fax: (714) 744-7041