The Kaspersky IT Security Calculator is a free web tool that allows IT security managers to view the average budget for cybersecurity in their region and industry
Woburn, MA – December 17, 2019 – According to statistics[1] from the Kaspersky IT Security Calculator, budgets at 45% of SMBs and 50% of enterprises are below the average spend[2] at $205k for small to medium and $8m for enterprise businesses. This is despite a Gartner report announcing cybersecurity spending is growing year-on-year with almost 9% growth in 2019.
The Kaspersky IT Security Calculator is a free web tool that allows IT security managers to view the average budget for cybersecurity in their region and industry, as well as to compare budgets within their organization. The tool is becoming increasingly important as it allows companies to understand their position in the market and also gives them the ability to compare their budget with competitors and improve planning.
Globally, IT security budgets are demonstrating positive dynamics with a number of analyst reports showing that budgets continue to grow year over year. Kaspersky’s own survey of almost five thousand organizations across the world confirms this trend with 70% of respondents showing they expect their IT security budget to increase in the next three years. However, statistics from usage of the Kaspersky IT Security Calculator in October 2018- 2019 revealed that some businesses are not keeping up with this trend, as their IT security spending is lower than average.
Overall, budgets for SMBs were reviewed more actively (46%) than for enterprises (38%) and very small companies (16%). For small and medium businesses, the budget issue proves to be complicated as it’s not only about finances but also the alignment of the budget planning process. Another challenge to consider is the demands on human resources to hire experts in relevant cybersecurity risks and the protection methods needed for different business services.
“Budget planning is a very important process for companies to carefully consider as the proper investments ensure a company is ready to meet current cybersecurity challenges and threats,” said Sergey Martsynkyan, head of B2B product marketing at Kaspersky. “Though it may be a complex task which demands a deep understanding of business needs towards cybersecurity, it is important to understand how to address them and how much it can cost. At Kaspersky, we do our best to give organizations insights to help them with this process. Along with thereporton IT security economics we prepare annually, the IT Security Calculator gives a glance on average cybersecurity spending as well as specific threats and advice on protection measures.”
The Kaspersky IT Security Calculator website with threat statistics and recommended protection is available here and free to use.
About Kaspersky
Kaspersky is a global cybersecurity company founded in 1997. Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky technologies and we help 270,000 corporate clients protect what matters most to them. Learn more at usa.kaspersky.com.
Media Contact:
Cassandra Faro
Cassandra.Faro@Kaspersky.com
781-503-1812
[1] The statistics from the IT Security Calculator are taken from the period of October 2018 - October 2019 and is based on calculations made by all visitors who entered figures in the budget form.
[2] The average IT security spend is calculated by statistics from an online survey of 4,474 business representatives from companies around the world with up to 4,999 employees, conducted in 2019 by Kaspersky and B2B International.
