My guess it the data cable is newer than the conduit and a data cable installer might hasve tried to widen that hole and somehow the vibrations combined with age shorted a wire in the conduit, and the conduit is now hot.
Interesting thought, but that would take (1) some really hefty vibrations + (2) some really old, fragile wire. Like we're talking 100 yr old + cloth wire for that to happen in my opinion.
Probably more likely that the wire in the conduit was scarred during installation and vibrations shifted it around and caused contact. That, or for whatever reason there is a poor splice mid-wire in the conduit that came loose.
Definitely not enough voltage on the data cable to arc across an air gap to the conduit, unless it's direct contact.
I would do what the others have suggested and do a voltage test on the conduit itself to ground, such as the rebar. But the rebar would have to be bonded properly for that to work. I'd temp a wire from your system ground so that you know for certain what you're testing to is solidly grounded and perform the voltage test that way. If the rebar isn't proper bonded, you could get a false negative.
If a potential difference exists, you have (1) a grounding / bonding issue and (2) an insulation issue on either (a) the data cable or (b) the wires in the conduit or (c) both.