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LATAM, Industrial/Manufacturing, 4 999 employees
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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 2020
Data provided by 44 respondents*
LATAM, Industrial/Manufacturing, 4 999 employees
IT Security budget makes up 26% of the total IT spend
View analytics for previous years
average
$ 9 350 063
average
$ 9 350 063
max
$ 82 500 000
2020
2023
Expected change to IT security budget in three years
+ 19 %
year
2020
2023
YoY Dynamics
Find out data for my company
Threats experienced in the last 12 months
Data provided by 45 respondents*
LATAM, Industrial/Manufacturing, 4 999 employees
51%
Viruses & malware
49%
Data breach
44%
Malware infection of BYOD devices
40%
Inappropriate IT resource use by employees
38%
Inappropriate sharing of data via mobile devices
38%
Physical loss of devices or media
33%
IT Security policies violation by employees
31%
Phishing / social engineering attacks on accounts
31%
Electronic leakage of data from internal systems
29%
Physical loss of BYOD devices
29%
Incidents involving non-computing connected devices
27%
Physical loss of company owned mobile devices exposing the organization to risk
27%
Targeted attacks
24%
Cryptomalware/ransomware
24%
Cryptomining attacks
22%
DDoS attacks
20%
Attacks on local / branch offices of our company
20%
Incidents affecting suppliers that the business shares data with
18%
Supply chain attacks
18%
Incidents affecting virtualized environments
16%
Fileless attacks
13%
Incidents affecting IT Infrastructure hosted by a third party
11%
Incidents affecting third party cloud services used by the business
80%
Any cyberthreat
$ 827 795
Average cost of one incident
Security measures in place
Data provided by 29 respondents*
LATAM, Industrial/Manufacturing, 4 999 employees
97%
Web Security
97%
Network Securitу
90%
Mobile Security
90%
Container Security
86%
Security solutions specifically designed for SaaS applications
86%
Industrial Cybersecurity
86%
Cloud Workload Security
83%
Services - Managed Detection & Response
83%
Storage array / network attached storage security software
83%
Security for Virtualization
79%
Services - Threat intelligence
79%
Anti-DDoS Protection
76%
IoT - Transportation Security
76%
Messaging Security
76%
Advanced Persistent Threat (APT) Protection
76%
Services - Industrial Cybersecurity Assessment
76%
Services - Incident Response
74%
Endpoint Protection**
72%
Services - Security Assessment
69%
Services - Security Education & Training
66%
Network Sandboxing
59%
SOAR
55%
SIEM
Recommendations

Industrial and manufacturing companies are suffering most from a threat that is commonly overlooked-generic malware, which gets right inside the industrial network. This means the implementation of cybersecurity solutions, that are designed for industrial and manufacturing organizations and that are aware of specific OT assets, are imperative. To further improve cybersafety, it is recommended that these organizations invest in cybersecurity services that include regular cyber awareness training.

Latin American industrial and manufacturing companies suffer from fraud, and are often the subject of generic malware outbreaks. It is strongly recommended that they deploy both protection and detection technologies – like industrial endpoint protection, industrial network monitoring and anomaly detection – as well as developing the cyber awareness of workers on the industrial floor.

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*These statistics are based on results from an online survey of 5,266 business representatives from companies with 50 and up to 4,999 employees around the world, conducted in 2020 by Kaspersky and B2B International. Statistics based on less than 30 respondents should be used with caution, due to this being a low base. The significant increase in the IT security budget in 2020 may be caused by the change of the survey sample for several verticals and significant fluctuations in budgets in these verticals.

** The methodology for measuring endpoint protection has been changed: now it represents the penetration of endpoint protection in businesses meaning the proportion of corporate endpoints (both physical devices and virtual endpoints) that have endpoint security software installed in the average organization of this vertical and segment.

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