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LATAM, All industries, 999 employees
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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 Lab.
IT security budget in 2018
Data provided by 220 respondents*
LATAM, All industries, 999 employees
IT Security budget makes up 29% of the total IT spend
average
$ 294 766
average
$ 294 766
max
$ 2 375 000
2018
2021
Expected change to IT security budget in three years
+ 16 %
year
2018
2021
Security measures in place
Data provided by 255 respondents*
LATAM, All industries, 999 employees
Threats experienced in the last 12 months
Data provided by 255 respondents*
LATAM, All industries, 999 employees
57%
Viruses & malware
53%
Physical loss of devices or media
49%
Data breach
44%
Inappropriate IT resource use by employees
43%
Targeted attacks
42%
Inappropriate sharing of data via mobile devices
41%
Incidents affecting third party cloud services used by the business
41%
Incidents involving non-computing, connected devices
40%
Electronic leakage of data from internal systems
40%
Incidents affecting IT Infrastructure hosted by a third party
40%
Incidents affecting virtualized environments
38%
Incidents affecting suppliers that the business shares data with
37%
DDoS attacks
26%
Cryptomalware/ransomware
6%
Phishing / social engineering attacks on accounts
3%
Attacks on point-of-sale (POS) systems
3%
Attacks on online banking services
3%
Financial losses due to attacks on ATM
3%
Attacks on core transactional / back office systems
73%
Any cyberthreat
$ 114 000
Average cost of one incident
Recommendations

Latin American companies observe a much higher rate of electronic leakages committed by their staff than in other regions.

The best way to address these shortfalls is to leverage a contract with a professional cybersecurity services provider, which must include cyber awareness training.

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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 Lab 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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