Companies Scrimped on Data Security: Report

NEW YORK — Because of the economy, many retail and consumer goods companies have held back on increasing information security investments, despite recognizing the growing and continued importance of information security to their organizations and customers, according to a new report from PwC here.

NEW YORK — Because of the economy, many retail and consumer goods companies have held back on increasing information security investments, despite recognizing the growing and continued importance of information security to their organizations and customers, according to a new report from PwC here.

The leading driver of decreasing information security spending in 2010 is the economic downturn, as reported by 53% of retail and consumer companies, said the report, called “R&C

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