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LATAM, Retail & Wholesale, 4 999 employees
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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 Lab.
IT security budget in 2018
Data provided by 41 respondents*
LATAM, Retail & Wholesale, 4 999 employees
IT Security budget makes up 24% of the total IT spend
average
$ 5 823 857
average
$ 5 823 857
max
$ 82 500 000
2018
2021
Expected change to IT security budget in three years
+ 17 %
year
2018
2021
Security measures in place
Data provided by 50 respondents*
LATAM, Retail & Wholesale, 4 999 employees
Threats experienced in the last 12 months
Data provided by 50 respondents*
LATAM, Retail & Wholesale, 4 999 employees
54%
Viruses & malware
54%
Physical loss of devices or media
46%
Inappropriate IT resource use by employees
44%
Data breach
38%
Targeted attacks
38%
Incidents affecting virtualized environments
38%
Incidents involving non-computing, connected devices
36%
Incidents affecting third party cloud services used by the business
34%
DDoS attacks
34%
Incidents affecting IT Infrastructure hosted by a third party
32%
Electronic leakage of data from internal systems
32%
Incidents affecting suppliers that the business shares data with
30%
Inappropriate sharing of data via mobile devices
24%
Cryptomalware/ransomware
76%
Any cyberthreat
$ 603 938
Average cost of one incident
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 6,687 business representatives from companies with up to 4,999 employees around the world, conducted in 2018 by Kaspersky Lab 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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