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Europe, Finance, 4 999 employees
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Calculate your company's security profile

This is the ultimate guide to the cost of IT security. Select the details that match your company to see the average budgets your industry peers spend on IT security (by region, industry, size), what security measures they take, the major threat vectors they encounter, how much money they lose as a result, and what you can do to avoid being compromised. The Calculator has been created as an adjustable tool. The data presented can be updated and/or added to over time based on insights from customers and Kaspersky.

IT security budget in 2019
Data provided by 58 respondents*
Europe, Finance, 4 999 employees
IT Security budget makes up 22% of the total IT spend
View analytics for previous years
average
$ 14 047 689
average
$ 14 047 689
max
$ 218 750 000
2019
2022
Expected change to IT security budget in three years
+ 8 %
year
2019
2022
YoY Dynamics
Threats experienced in the last 12 months
Data provided by 60 respondents*
Europe, Finance, 4 999 employees
65%
Data breach
65%
Viruses & malware
58%
Cryptomalware/ransomware
58%
Physical loss of devices or media
57%
Phishing / social engineering attacks on accounts
55%
Incidents affecting suppliers that the business shares data with
55%
Incidents affecting IT Infrastructure hosted by a third party
53%
Targeted attacks
53%
Incidents affecting virtualized environments
53%
Inappropriate IT resource use by employees
52%
Cryptomining attacks
50%
Inappropriate sharing of data via mobile devices
50%
Incidents affecting third party cloud services used by the business
47%
DDoS attacks
43%
Incidents involving non-computing connected devices
43%
Electronic leakage of data from internal systems
28%
Attacks on online banking services
27%
Attacks on point-of-sale (POS) systems
25%
Financial losses due to attacks on ATM
22%
Attacks on core transactional / back office systems
85%
Any cyberthreat
$ 1 163 516
Average cost of one incident
Recommendations

Companies that rely on monetary transactions for their core business have always been a lucrative target for cybercriminals. With advances in fraud technologies, cybercriminals are switching their focus away from the ‘easy pickings’ of customers to the more challenging but rewarding targets provided by services providers themselves. The most pressing issues for financial services providers are: targeted attacks, embedded systems security (ATMs, POS), the human factor, cloud availability, fraud and ransomware. All interconnected security systems aim to address the rapid detection of sophisticated attacks, but the response and prediction security stages are generally the subject of less attention, while they actually require greater levels of investment. Anti-targeted attack solutions, embedded systems security and specialized solutions for use in datacenters – all of these are ‘must-haves’ for financial services businesses.

European financial institutions report that they have to deal with a higher than average number of targeted attacks on a daily basis, along with a large number of employees misbehaving or falling victim to social engineering, and a significant proportion of incidents affecting their virtual infrastructure. Therefore, it is highly recommended that these organizations continuously train cyber forensics specialists as well as regularly raise the overall level of cyber awareness among all of their employees. The reliable protection of virtual infrastructure that doesn’t affect performance also requires specialized virtualization-ready software. Attacks on POS terminals and online banking services are also quite frequent in Europe. These are not secured enough and give cybercriminals a way to real money, credit cards, and an entry point to the corporate network for targeted attacks. This further drives the demand for embedded systems security and anti-fraud solutions.

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*These statistics are based on results from an online survey of 4,474 business representatives from companies with up to 4,999 employees around the world, conducted in 2019 by Kaspersky and B2B International. Statistics based on less than 30 respondents should be used with caution, due to this being a low base.

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