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LATAM, Finance, 99 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 26 respondents*
LATAM, Finance, 99 employees
IT Security budget makes up 24% of the total IT spend
average
$ 26 459
average
$ 26 459
max
$ 234 375
2018
2021
Expected change to IT security budget in three years
+ 20 %
year
2018
2021
Security measures in place
Data provided by 29 respondents*
LATAM, Finance, 99 employees
Threats experienced in the last 12 months
Data provided by 29 respondents*
LATAM, Finance, 99 employees
48%
Physical loss of devices or media
41%
Viruses & malware
38%
Data breach
34%
Electronic leakage of data from internal systems
34%
Targeted attacks
34%
Incidents affecting virtualized environments
34%
Inappropriate IT resource use by employees
31%
Incidents affecting suppliers that the business shares data with
28%
Incidents affecting third party cloud services used by the business
28%
Phishing / social engineering attacks on accounts
28%
DDoS attacks
24%
Incidents affecting IT Infrastructure hosted by a third party
24%
Attacks on online banking services
21%
Inappropriate sharing of data via mobile devices
21%
Attacks on point-of-sale (POS) systems
17%
Incidents involving non-computing, connected devices
17%
Financial losses due to attacks on ATM
17%
Attacks on core transactional / back office systems
17%
Cryptomalware/ransomware
62%
Any cyberthreat
$ 20 614
Average cost of one incident
Recommendations

You may not have a dedicated IT person in your team, but you should know that you will, at some point, have to deal with malware – if your company operates with financial transactions, it's very likely that your business will come under cybercriminal fire sooner or later. To effectively counter this threat, install a multi-layered security solution that fends off malware, protects your valuable data from ransomware, and allows for safe banking.

Latin American companies often complain about the inappropriate use of IT resources by staff. The only way to keep this threat down is to reserve budget for cyber awareness training, which you should purchase from professionals.

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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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