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 2021
Data provided by 21 respondents*
LATAM, Industrial/Manufacturing, 4 999 employees
IT Security budget makes up 34% of the total IT spend
View analytics for previous years
average
$ 2 492 188
average
$ 2 492 188
max
$ 8 437 500
2021
2024
Expected change to IT security budget in three years
+ 23 %
year
2021
2024
YoY Dynamics
Find out data for my company
Threats experienced in the last 12 months
Data provided by 24 respondents*
LATAM, Industrial/Manufacturing, 4 999 employees
46%
Malware infection of BYOD devices
42%
Physical loss of company owned mobile devices exposing the organization to risk
38%
Physical loss of devices or media
38%
Inappropriate IT resource use by employees
33%
Data breach
33%
Viruses & malware
29%
Inappropriate sharing of data via mobile devices
29%
IT Security policies violation by employees
25%
Incidents affecting suppliers that the business shares data with
Security solutions specifically designed for SaaS applications
47%
SOAR
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 3,063 business representatives from companies with 50 and up to 4,999 employees around the world, conducted in 2021 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 methodology for measuring endpoint protection 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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