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 2018
Data provided by 41 respondents*
LATAM, Retail & Wholesale, 4 999 employees
IT Security budget makes up 24% of the total IT spend
$ 5 823 857
$ 5 823 857
$ 82 500 000
Expected change to IT security budget in three years
Incidents affecting third party cloud services used by the business
Incidents affecting IT Infrastructure hosted by a third party
Electronic leakage of data from internal systems
Incidents affecting suppliers that the business shares data with
Inappropriate sharing of data via mobile devices
$ 603 938
Average cost of one incident
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 and B2B International. Statistics based on less than 30 respondents should be used with caution, due to this being a low base.