68 percent of companies said they are prepared for a breach, but 75 percent estimated it would take hours, days, or weeks for them to notice one had occurred. Only 6 percent of respondents said they were “very well prepared” to deal with data breaches. Only 31 percent of organizations had a budget in place for data breach mitigation, and only 45 percent had data breach insurance in place. Only 1 percent plan to decrease their breach mitigation budgets next year, according to the survey. Many companies still rely heavily on manual methods to detect data breaches, says security expert.”]