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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 2021

Data provided by 118 respondents*
LATAM, All industries, 4 999 employees
IT Security budget makes up 31% of the total IT spend
View analytics for previous years
average
$ 4 205 623
average
$ 4 205 623
max
$ 67 500 000
2021
2024
Expected change to IT security budget in three years
+ 17 %
year
2021
2024
YoY Dynamics
Find out data for my company

Threats experienced in the last 12 months

Data provided by 129 respondents*
LATAM, All industries, 4 999 employees
45%
Data breach
39%
Malware infection of BYOD devices
38%
Viruses & malware
37%
Inappropriate IT resource use by employees
36%
Physical loss of company owned mobile devices exposing the organization to risk
36%
Physical loss of devices or media
34%
Targeted attacks
33%
IT Security policies violation by employees
30%
Incidents involving non-computing connected devices
29%
Inappropriate sharing of data via mobile devices
29%
Phishing / social engineering attacks on accounts
28%
DDoS attacks
28%
Incidents affecting suppliers that the business shares data with
26%
Attacks on local / branch offices of our company
26%
Electronic leakage of data from internal systems
25%
Cryptomining attacks
25%
Supply chain attacks
25%
Physical loss of BYOD devices
24%
Fileless attacks
23%
Incidents affecting virtualized environments
23%
Incidents affecting IT Infrastructure hosted by a third party
21%
Cryptomalware/ransomware
16%
Incidents affecting third party cloud services used by the business
15%
Attacks on point-of-sale (POS) systems
9%
Financial losses due to attacks on ATM
9%
Attacks on online banking services
6%
Attacks on core transactional / back office systems
78%
Any cyberthreat
$ 521 067
Average cost of one incident

Security measures in place

Data provided by 99 respondents*
LATAM, All industries, 4 999 employees
66%
Endpoint Protection**
91%
Network Securitу
89%
Web Security
87%
Services - Security Assessment
86%
Mobile Security
86%
Cloud Workload Security
85%
Security for Virtualization
85%
Storage array / network attached storage security software
83%
Services - Threat intelligence
83%
Anti-DDoS Protection
82%
Advanced Persistent Threat (APT) Protection
81%
Services - Incident Response
79%
Industrial Cybersecurity
78%
Container Security
77%
Services - Managed Detection & Response
77%
Messaging Security
73%
Network Sandboxing
73%
Security solutions specifically designed for SaaS applications
73%
Services - Security Education & Training
68%
IoT - Transportation Security
58%
SIEM
53%
SOAR
20%
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 3,063 business representatives from companies with 50 and up to 4,999 employees around the world, conducted in 2021 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 methodology for measuring endpoint protection 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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