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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.

IT security budget in 2019
Data provided by 16 respondents*
LATAM, Finance, 99 employees
IT Security budget makes up 28% of the total IT spend
View analytics for previous years
average
$ 79 382
average
$ 79 382
max
$ 1 406 250
2019
2022
Expected change to IT security budget in three years
+ 8 %
year
2019
2022
YoY Dynamics
Threats experienced in the last 12 months
Data provided by 20 respondents*
LATAM, Finance, 99 employees
45%
Electronic leakage of data from internal systems
45%
Viruses & malware
40%
Data breach
40%
Cryptomining attacks
40%
Physical loss of devices or media
40%
Phishing / social engineering attacks on accounts
40%
Inappropriate IT resource use by employees
40%
Targeted attacks
40%
DDoS attacks
35%
Incidents affecting IT Infrastructure hosted by a third party
35%
Incidents affecting third party cloud services used by the business
35%
Inappropriate sharing of data via mobile devices
35%
Cryptomalware/ransomware
25%
Incidents affecting virtualized environments
25%
Financial losses due to attacks on ATM
25%
Attacks on core transactional / back office systems
25%
Incidents affecting suppliers that the business shares data with
20%
Incidents involving non-computing connected devices
20%
Attacks on point-of-sale (POS) systems
20%
Attacks on online banking services
70%
Any cyberthreat
$ 27 047
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 4,474 business representatives from companies with up to 4,999 employees around the world, conducted in 2019 by Kaspersky 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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