Average SMB spends over $10,000/year on IT security: report

An international study of IT professionals on security issues by Russian security vendor Kaspersky Lab found that the average small business is spending just over $10,000 every year on IT security, which works out to about $35.25 per employee.

When it comes to breaking down that investment, anti-malware is the most popular security measure, implemented by 67 per cent of businesses. Patch management was next at 62 per cent, followed by access control, separation of critical infrastructure and data encryption, all of which scored under 40 per cent.

What’s driving this investment? Some 35 per cent of IT specialists said they’d lost business data due to malware infection, and half of respondents named cyber-threats as one of the most pressing risks to their business today, just behind economic uncertainty.

Drilling down into specific IT concerns, preventing IT security breaches was named the top concern by 31 per cent of IT pros, followed by data protection at 27 per cent. Budget constraints were identified as a key obstacle to IT security, as well as a lack of understanding of security issues by those holding the purse strings and a lack of knowledgeable staff.

Finally, IT professionals have some concerns when it comes to incorporating mobile devices into the business environment. Some 58 per cent said use of social media by employees poses a business risk, while 55 per cent were “much more” concerned about mobile device security than they were a year ago.

How does your business compare to the sector average? (Image courtesy Kaspersky).

Source | Global IT Security Risks: 2012

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada
Jeff Jedras
Jeff Jedras
Jeff Jedras is a technology journalist with IT World Canada and a member of the IT Business team. He began his career in technology journalism in the late 1990s, covering the Ottawa technology sector for Silicon Valley North and the Ottawa Business Journal. He later covered the technology scene in Vancouver before joining IT World Canada in Toronto in 2005, covering enterprise IT for ComputerWorld Canada and the channel for Computer Dealer News. His writing has also appeared in the Vancouver Sun & the Ottawa Citizen.

Related Tech News

Get ITBusiness Delivered

Our experienced team of journalists brings you engaging content targeted to IT professionals and line-of-business executives delivered directly to your inbox.