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 24 respondents*
LATAM, Industrial/Manufacturing, 4 999 employees
IT Security budget makes up 24% of the total IT spend
$ 4 014 468
$ 4 014 468
$ 25 312 500
Expected change to IT security budget in three years
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 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.