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LATAM, Industrial/Manufacturing, 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 43 respondents*
LATAM, Industrial/Manufacturing, 99 employees
IT Security budget makes up 20% of the total IT spend
View analytics for previous years
average
$ 15 181
average
$ 15 181
max
$ 103 125
2019
2022
Expected change to IT security budget in three years
+ 21 %
year
2019
2022
YoY Dynamics
Threats experienced in the last 12 months
Data provided by 50 respondents*
LATAM, Industrial/Manufacturing, 99 employees
54%
Viruses & malware
52%
Data breach
50%
Physical loss of devices or media
38%
Inappropriate IT resource use by employees
34%
Inappropriate sharing of data via mobile devices
28%
Incidents affecting third party cloud services used by the business
28%
Incidents involving non-computing connected devices
26%
Cryptomalware/ransomware
26%
Targeted attacks
26%
Incidents affecting suppliers that the business shares data with
26%
Incidents affecting IT Infrastructure hosted by a third party
24%
Cryptomining attacks
22%
DDoS attacks
20%
Incidents affecting virtualized environments
18%
Electronic leakage of data from internal systems
72%
Any cyberthreat
$ 25 255
Average cost of one incident
Security measures in place
Data provided by 50 respondents*
LATAM, Industrial/Manufacturing, 99 employees
Recommendations

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 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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