Comment Radia Perlman's Ephemerizer (Score 2) 209
I think that what you want is The Ephemerizer, by Radia Perlman (she of OSPF fame). I heard about this a few years ago at the LISA conference, and a bit of digging turned it up. From the abstract:
This paper is about how to keep data for a finite time, and then make it unrecoverable after that. It is difficult to ensure that data is completely destroyed. To be available before expiration it is desirable to create backup copies. Then absolute deletion becomes difficult, because even after explicitly deleting it, copies might remain on backup media, or in swap space, or be forensically recoverable. The obvious solution is to store the data encrypted, and then delete the key after expiration.
Google turns up this copy in PDF.
Hope that helps!