With the tech industry coming out of a rough year, the cybersecurity market has an advantage in 2023: demand has only increased in recent years and infosec budgets remain solid.
A good deal of the reason is: record incidence of attacks has given hard dollar figures to the measurement of impact. Not just ransoms paid -- business interruption and the cost of recovery from highly disruptive attacks have been measurable. Add to this expanded mandates, from data sovereignty to software bill-of-materials and incident disclosure, as well as the cost of risk mitigation through vehicles such as cyber insurance, and cyber risk is no longer intangible.
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