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 2018
Data provided by 41 respondents*
Europe, Retail & Wholesale, 4 999 employees
IT Security budget makes up 29% of the total IT spend
$ 3 790 926
$ 3 790 926
$ 20 625 000
Expected change to IT security budget in three years
Incidents affecting suppliers that the business shares data with
Inappropriate IT resource use by employees
Incidents affecting third party cloud services used by the business
Incidents affecting IT Infrastructure hosted by a third party
$ 767 241
Average cost of one incident
Retail and wholesale companies rely heavily on the staff they employ. In the digital age, they encounter cyberthreats such as malware, the inappropriate use of IT infrastructure by staff, and the physical loss of devices or media containing sensitive data. While the malware threat can be effectively mitigated by up-to-date information security solutions, including security solutions for POS terminals, the only way to improve the IT security performance of staff is through regular cyber-awareness training.
Retail and wholesale companies in Europe often encounter incidents with virtual infrastructure, and involving suppliers with which they share data or third-party cloud services. In addition to that, recent incidents with ransomware have highlighted the weak points in cyber defenses. The recommendations here include building an extra layer of defense with cloud security solutions, enforcing the encryption of data in motion, and the deployment of virtualization-optimized solutions that ensure protection without hindering performance. It's also important that IT systems are protected with security solutions which have proven to be effective against ransomware and allow organizations to comply with data protection regulations – especially as the GDPR will soon be enforceable in Europe.
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*These statistics are based on results from an online survey of 6,687 business representatives from companies with up to 4,999 employees around the world, conducted in 2018 by Kaspersky and B2B International. Statistics based on less than 30 respondents should be used with caution, due to this being a low base.