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LATAM, Retail & Wholesale, 4 999 employees
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  • Industrial/Manufacturing
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  • Retail & Wholesale
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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 27 respondents*
LATAM, Retail & Wholesale, 4 999 employees
IT Security budget makes up 31% of the total IT spend
View analytics for previous years
average
$ 14 715 631
average
$ 14 715 631
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 29 respondents*
LATAM, Retail & Wholesale, 4 999 employees
38%
Inappropriate IT resource use by employees
34%
Data breach
34%
Targeted attacks
34%
Viruses & malware
28%
Attacks on local / branch offices of our company
28%
Physical loss of BYOD devices
28%
Malware infection of BYOD devices
28%
IT Security policies violation by employees
28%
Fileless attacks
28%
Physical loss of devices or media
24%
Phishing / social engineering attacks on accounts
24%
Incidents affecting virtualized environments
24%
Incidents affecting suppliers that the business shares data with
24%
Physical loss of company owned mobile devices exposing the organization to risk
24%
Cryptomalware/ransomware
21%
Inappropriate sharing of data via mobile devices
21%
Incidents affecting IT Infrastructure hosted by a third party
21%
Cryptomining attacks
17%
Incidents affecting third party cloud services used by the business
17%
Electronic leakage of data from internal systems
17%
DDoS attacks
14%
Incidents involving non-computing connected devices
14%
Attacks on point-of-sale (POS) systems
14%
Supply chain attacks
72%
Any cyberthreat
$ 578 738
Average cost of one incident
Security measures in place
Data provided by 24 respondents*
LATAM, Retail & Wholesale, 4 999 employees
96%
Web Security
92%
Security for Virtualization
88%
Cloud Workload Security
88%
Network Securitу
88%
Storage array / network attached storage security software
83%
Advanced Persistent Threat (APT) Protection
83%
Container Security
83%
Network Sandboxing
83%
Anti-DDoS Protection
83%
Services - Threat intelligence
79%
Security solutions specifically designed for SaaS applications
79%
Services - Security Assessment
79%
Mobile Security
75%
Endpoint Protection**
75%
Services - Incident Response
75%
Services - Managed Detection & Response
75%
Messaging Security
71%
Services - Security Education & Training
71%
Industrial Cybersecurity
67%
SIEM
58%
SOAR
54%
IoT - Transportation Security
Recommendations

Retail and wholesale companies rely heavily on the staff they employ. In the digital age, they encounter cyberthreats such as malware, the inappropriate use of IT infrastructure by staff, and the physical loss of devices or media containing sensitive data. While the malware threat can be effectively mitigated by up-to-date information security solutions, including security solutions for POS terminals, the only way to improve the IT security performance of staff is through regular cyber-awareness training.

Retail and wholesale companies in Latin America have to deal with DDoS attacks, data leaks from internal services and incidents involving suppliers with which they share data, not to mention targeted attacks. We recommend that these organizations invest more in anti-targeted attack solutions, POS systems security, and don't forget to reserve budget for a cybersecurity service contract.

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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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