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 61 respondents*
LATAM, Industrial/Manufacturing, 99 employees
IT Security budget makes up 21% of the total IT spend
$ 4 496
$ 4 496
$ 42 188
Expected change to IT security budget in three years
Incidents affecting third party cloud services used by the business
Incidents affecting suppliers that the business shares data with
Incidents affecting IT Infrastructure hosted by a third party
$ 2 380
Average cost of one incident
Long gone are the times when an air gap would have been considered efficient. Today, industrial and manufacturing companies are just as vulnerable to malware as any other connected enterprise. However, with operational continuity vital, it is worth considering a cybersecurity solution specifically optimized for industrial operations. Another big problem for this sector is the inappropriate use of IT resources by staff, which cannot be solved without regular cyber awareness training.
The physical loss of devices and media, and, to some extent, targeted attacks, are a big issue for Latin American industrial and manufacturing companies, demanding special attention during cybersecurity training. Training should occur regularly and involve renowned cybersecurity 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.