IT SECURITY SERVICES COULD BE A TOUGH SMB SELL: Despite a track record of vulnerability to information technology security breakdowns, fast-growth small and midsized businesses are not increasing their IT security spending, according to PricewaterhouseCoopers.Despite a track record of vulnerability to information technology security breakdowns, fast-growth small and midsized businesses are not 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. The survey was part of PwC’s most recent Trendsetter Barometer report on fast-growth companies.
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