48AF3A60-914C-4C95-B1E0-3397FF00C1E9 Created with sketchtool.
Calculator
LATAM, Finance, 4 999 employees
7E919FA3-84AA-4530-B42D-91BADB226992 Created with sketchtool.
  • All
  • APAC & Japan
  • Europe
  • LATAM
  • META
  • North America
  • Russia
7E919FA3-84AA-4530-B42D-91BADB226992 Created with sketchtool.
  • All
  • Finance
  • Government
  • Industrial/Manufacturing
  • IT & Telecoms
  • Retail & Wholesale
$
Calculate
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 2019
Data provided by 16 respondents*
LATAM, Finance, 4 999 employees
IT Security budget makes up 28% of the total IT spend
average
$ 14 729 818
average
$ 14 729 818
max
$ 218 750 000
2019
2022
Expected change to IT security budget in three years
+ 9 %
year
2019
2022
Security measures in place
Data provided by 21 respondents*
LATAM, Finance, 4 999 employees
Threats experienced in the last 12 months
Data provided by 21 respondents*
LATAM, Finance, 4 999 employees
57%
Physical loss of devices or media
52%
Data breach
52%
Viruses & malware
48%
Inappropriate sharing of data via mobile devices
48%
Incidents affecting IT Infrastructure hosted by a third party
43%
Incidents involving non-computing connected devices
43%
Inappropriate IT resource use by employees
43%
Electronic leakage of data from internal systems
38%
Targeted attacks
38%
Phishing / social engineering attacks on accounts
38%
DDoS attacks
38%
Cryptomining attacks
33%
Incidents affecting third party cloud services used by the business
33%
Incidents affecting suppliers that the business shares data with
33%
Cryptomalware/ransomware
29%
Incidents affecting virtualized environments
24%
Attacks on online banking services
19%
Financial losses due to attacks on ATM
14%
Attacks on point-of-sale (POS) systems
10%
Attacks on core transactional / back office systems
81%
Any cyberthreat
$ 985 636
Average cost of one incident
Recommendations

Companies that rely on monetary transactions for their core business have always been a lucrative target for cybercriminals. With advances in fraud technologies, cybercriminals are switching their focus away from the ‘easy pickings’ of customers to the more challenging but rewarding targets provided by services providers themselves. The most pressing issues for financial services providers are: targeted attacks, embedded systems security (ATMs, POS), the human factor, cloud availability, fraud and ransomware. All interconnected security systems aim to address the rapid detection of sophisticated attacks, but the response and prediction security stages are generally the subject of less attention, while they actually require greater levels of investment. Anti-targeted attack solutions, embedded systems security and specialized solutions for use in datacenters – all of these are ‘must-haves’ for financial services businesses.

Electronic leakage of data and targeted attacks seem to be the biggest concern for financial organizations in Latin America, compounded by employees frequently falling for phishing emails and attacks on POS terminals and ATMs. While POS terminals and ATM scan be effectively secured with embedded security systems, targeted attacks require a comprehensive approach, including anti-targeted attack solutions and cyber training for security specialists as well as general staff.

Want to see more statistics?
Fill out this form to download the «IT security economics in 2019: How businesses are losing money and saving costs amid cyberattacks» report
Download report
Need help with IT security?
Fill out this form and Kaspersky experts will get in touch
Contact me
*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.

We use cookies to make your experience of our websites better. By using and further navigating this website you accept this. Detailed information about the use of cookies on this website is available by clicking on more information

Accept and Close