According to a new study commissioned by Scott & Scott, LLP (www.scottandscottllp.com) and conducted by privacy and information management research firm the Ponemon Institute (www.ponemon.org), 85 percent of businesses have experienced a data security breach. Despite the frequency of such security failures, 46 percent of businesses failed to implement encryption solutions even after suffering a data breach, and 82 percent did not seek legal counsel prior to responding to the incident despite having no prior response plan in place.

The survey, entitled "The Business Impact of Data Breach," examines the responses of more than 700 US-based C-level executives, managers and IT security officers in mid-size to large businesses spanning all industries.

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