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 28 respondents*
Russia, Finance, 4 999 employees
IT Security budget makes up 20% of the total IT spend
$ 876 587
$ 876 587
$ 5 906 250
Expected change to IT security budget in three years
Incidents affecting IT Infrastructure hosted by a third party
Attacks on online banking services
Financial losses due to attacks on ATM
Incidents affecting virtualized environments
Electronic leakage of data from internal systems
Incidents affecting suppliers that the business shares data with
Incidents affecting third party cloud services used by the business
Attacks on core transactional / back office systems
$ 470 427
Average cost of one incident
Companies that rely on monetary transactions for their core business have always been a lucrative target for cybercriminals. With advances in fraud technologies, cybercriminals are switching their focus away from the ‘easy pickings’ of customers to the more challenging but rewarding targets provided by services providers themselves. The most pressing issues for financial services providers are: targeted attacks, embedded systems security (ATMs, POS), the human factor, cloud availability, fraud and ransomware. All interconnected security systems aim to address the rapid detection of sophisticated attacks, but the response and prediction security stages are generally the subject of less attention, while they actually require greater levels of investment. Anti-targeted attack solutions, embedded systems security and specialized solutions for use in datacenters – all of these are ‘must-haves’ for financial services businesses.
Russian financial institutions have to endure a wide range of business threats: fending off disruptions caused by DDoS attacks, mitigating against attacks on back office transactions, investigating ATM hacks and dealing with targeted attacks that also include robust phishing blasts.Therefore, a multi-layered defense, comprising of protection from targeted attacks, anti-DDoS measures and an anti-fraud solution is a must. And on top of that, cybersecurity training for both security professionals and general staff is strongly recommended. An anti-targeted attack solution and ATM security is also an absolute must-have for tackling the Russian threats landscape.
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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.