From the wikipedia article on EnCase (a popular piece of digital forensics software):
The first thing a user of EnCase will
normally do is use the software to
create images of suspect media (hard
drives, CDs etc). Images are stored in
proprietary formats and contain an MD5
or SHA-1 checksum to validate their
authenticity. In the same way as dd
(and unlike typical imaging software
such as Norton Ghost), EnCase makes
images that are exact copies of the
original, byte for byte, in order to
be able to fully examine unused parts
of the media for deleted files and so
forth.
After imaging, EnCase can be used to
examine the files stored in the image
using common tools such as a document
viewer and hex editor. It can also
examine parts of the filesystem not
normally exposed to the user, such as
deleted file entries, on-disk
checksums and log/journaling data. It
can also search for and attempt to
recover deleted files.
Finally, any relevant files can be
saved to the user's PC, along with
checksums and other metadata, for use
as evidence.