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LATAM, Industrial/Manufacturing, 1 000 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 2018
Data provided by 24 respondents*
LATAM, Industrial/Manufacturing, 1 000 employees
IT Security budget makes up 24% of the total IT spend
average
$ 4 014 468
average
$ 4 014 468
max
$ 25 312 500
2018
2021
Expected change to IT security budget in three years
+ 10 %
year
2018
2021
Security measures in place
Data provided by 27 respondents*
LATAM, Industrial/Manufacturing, 1 000 employees
63%
Threat monitoring, detection and response solutions
59%
Vulnerability Assessment
41%
SIEM
41%
Industrial Cyber Security
Threats experienced in the last 12 months
Data provided by 27 respondents*
LATAM, Industrial/Manufacturing, 1 000 employees
59%
Viruses & malware
41%
Inappropriate IT resource use by employees
37%
Incidents affecting third party cloud services used by the business
37%
Inappropriate sharing of data via mobile devices
33%
Data breach
30%
Physical loss of devices or media
26%
Electronic leakage of data from internal systems
26%
Incidents affecting suppliers that the business shares data with
26%
Incidents affecting virtualized environments
22%
DDoS attacks
22%
Targeted attacks
22%
Incidents affecting IT Infrastructure hosted by a third party
19%
Cryptomalware/ransomware
19%
Incidents involving non-computing connected devices
15%
Cryptomining attacks
74%
Any cyberthreat
$ 211 375
Average cost of one incident
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 6,687 business representatives from companies with up to 4,999 employees around the world, conducted in 2018 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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