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LATAM, Retail & Wholesale, 4 999 employees
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  • Industrial/Manufacturing
  • IT & Telecoms
  • 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 2021

Data provided by 20 respondents*
LATAM, Retail & Wholesale, 4 999 employees
IT Security budget makes up 26% of the total IT spend
View analytics for previous years
average
$ 6 024 306
average
$ 6 024 306
max
$ 66 750 000
2021
2024
Expected change to IT security budget in three years
+ 11 %
year
2021
2024
YoY Dynamics
Find out data for my company

Threats experienced in the last 12 months

Data provided by 21 respondents*
LATAM, Retail & Wholesale, 4 999 employees
48%
Viruses & malware
43%
Data breach
43%
Physical loss of devices or media
38%
Targeted attacks
38%
Malware infection of BYOD devices
38%
Physical loss of company owned mobile devices exposing the organization to risk
38%
Phishing / social engineering attacks on accounts
33%
Electronic leakage of data from internal systems
33%
Incidents affecting suppliers that the business shares data with
33%
Incidents affecting virtualized environments
33%
Inappropriate IT resource use by employees
33%
DDoS attacks
29%
IT Security policies violation by employees
29%
Supply chain attacks
29%
Physical loss of BYOD devices
29%
Inappropriate sharing of data via mobile devices
29%
Attacks on point-of-sale (POS) systems
29%
Incidents affecting IT Infrastructure hosted by a third party
24%
Cryptomining attacks
24%
Incidents involving non-computing connected devices
24%
Incidents affecting third party cloud services used by the business
24%
Attacks on local / branch offices of our company
19%
Fileless attacks
14%
Cryptomalware/ransomware
67%
Any cyberthreat
$ 684 444
Average cost of one incident

Security measures in place

Data provided by 19 respondents*
LATAM, Retail & Wholesale, 4 999 employees
62%
Endpoint Protection**
95%
Services - Incident Response
89%
Mobile Security
89%
Storage array / network attached storage security software
84%
Advanced Persistent Threat (APT) Protection
84%
Industrial Cybersecurity
84%
IoT - Transportation Security
84%
Container Security
84%
Security for Virtualization
84%
Cloud Workload Security
84%
Network Securitу
84%
Anti-DDoS Protection
84%
Security solutions specifically designed for SaaS applications
84%
Services - Security Assessment
84%
Services - Threat intelligence
79%
Network Sandboxing
79%
Services - Managed Detection & Response
79%
Web Security
79%
Services - Security Education & Training
79%
SOAR
68%
Messaging Security
68%
SIEM
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 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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