New York (Dec. 5, 2003) -- Despite a track record of vulnerability to information technology security breakdowns, fast-growth small and midsized businesses aren't increasing their IT security spending, according to PricewaterhouseCoopers.

The Big Four firm's survey of chief executives at 402 companies with annual revenues ranging from $5 million to $150 million found that 46 percent of the companies suffered compromises in their IT security over the past year, but only 15 percent plan IT budget increases, and among those "relatively few" identified security as a priority.

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