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Erasing a hard drive is a two step process. You need to degauss and crush it. We have already covered hard drive crushers in the past. This Hard Disk Degausser by ORiENT Computer magnetically erases your data. It is designed to stop information leakage.
The HC2300S Hard Disk Degausser generates a magnetic field that erases the contents of magnetic media (hard disks, floppy drives, tape-based mediums). The erase cycle is as fast as 20 seconds. Not cheap but businesses would pay for something like this with no issues.