60% of large European companies do not adequately use encryption

60% of large European businesses do not adequately secure data by using encryption. This is despite the fact that 13% of responding European organizations admitted a data breach of unauthorized confidential information leaving their organizations within the in 2006. Across Europe, more than a third, 36%, of those surveyed rated publicity as a particularly painful consequence of a data breach, while 26% added fines or lawsuits to their list of concerns. 59% not already using encryption stated that they did not perceive the business need to do so ? showing that there is still significant work to be done to educate businesses on the threats posed by data breaches and the solutions available to prevent them. Only in financial services do the majority of European organizations, some 59%, encrypt outbound email as a matter of course, Tumbleweed says.