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LATAM, All industries, 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 2020
Data provided by 151 respondents*
LATAM, All industries, 4 999 employees
IT Security budget makes up 32% of the total IT spend
View analytics for previous years
average
$ 10 688 357
average
$ 10 688 357
max
$ 101 250 000
2020
2023
Expected change to IT security budget in three years
+ 16 %
year
2020
2023
YoY Dynamics
Find out data for my company
Threats experienced in the last 12 months
Data provided by 163 respondents*
LATAM, All industries, 4 999 employees
46%
Viruses & malware
44%
Data breach
43%
Inappropriate IT resource use by employees
37%
Malware infection of BYOD devices
37%
Physical loss of company owned mobile devices exposing the organization to risk
37%
IT Security policies violation by employees
36%
Physical loss of devices or media
36%
Inappropriate sharing of data via mobile devices
34%
Physical loss of BYOD devices
33%
Phishing / social engineering attacks on accounts
31%
Cryptomalware/ransomware
31%
DDoS attacks
31%
Incidents involving non-computing connected devices
29%
Attacks on local / branch offices of our company
29%
Incidents affecting suppliers that the business shares data with
29%
Targeted attacks
29%
Electronic leakage of data from internal systems
27%
Cryptomining attacks
26%
Supply chain attacks
25%
Fileless attacks
21%
Incidents affecting virtualized environments
21%
Incidents affecting IT Infrastructure hosted by a third party
18%
Incidents affecting third party cloud services used by the business
15%
Attacks on point-of-sale (POS) systems
7%
Attacks on core transactional / back office systems
6%
Financial losses due to attacks on ATM
6%
Attacks on online banking services
80%
Any cyberthreat
$ 732 500
Average cost of one incident
Security measures in place
Data provided by 115 respondents*
LATAM, All industries, 4 999 employees
93%
Web Security
90%
Network Securitу
85%
Security for Virtualization
82%
Services - Security Assessment
82%
Storage array / network attached storage security software
82%
Advanced Persistent Threat (APT) Protection
82%
Cloud Workload Security
81%
Container Security
80%
Services - Threat intelligence
79%
Messaging Security
79%
Services - Managed Detection & Response
79%
Services - Incident Response
79%
Security solutions specifically designed for SaaS applications
79%
Anti-DDoS Protection
78%
Industrial Cybersecurity
78%
Services - Security Education & Training
77%
Mobile Security
74%
Network Sandboxing
73%
Endpoint Protection**
70%
IoT - Transportation Security
63%
SIEM
61%
SOAR
19%
Services - Industrial Cybersecurity Assessment
Recommendations

The LATAM region is one of world’s the fastest growing economies, and has seen a parallel growth in information technology. An increasing number of individuals and businesses are able to access IT and telecommunication technologies here, often without always fully understanding how to protect themselves effectively. So it's not a big surprise that Latin American companies are seeing a much higher rate of electronic leakages committed by their staff than other regions. Cybercriminals are aware of this situation and believe the region offers them multiple opportunities to launch successful and readily monetized attacks. Our advice to LATAM businesses is to concentrate on not only which IT and IT security solutions should be implemented – but also on how this should be done, and the levels of security awareness that must be reached in order to ensure everyone’s protection. We recommend these businesses increase the attention they pay to cybersecurity services and security awareness training. We also recommend the use of an advanced endpoint protection platform as a core part of their IT security strategy.

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*These statistics are based on results from an online survey of 5,266 business representatives from companies with 50 and up to 4,999 employees around the world, conducted in 2020 by Kaspersky and B2B International. Statistics based on less than 30 respondents should be used with caution, due to this being a low base. The significant increase in the IT security budget in 2020 may be caused by the change of the survey sample for several verticals and significant fluctuations in budgets in these verticals.

** The methodology for measuring endpoint protection has been changed: now it represents the penetration of endpoint protection in businesses meaning the proportion of corporate endpoints (both physical devices and virtual endpoints) that have endpoint security software installed in the average organization of this vertical and segment.

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