The cybersecurity industry experienced a dramatic drop-off in funding, stock prices, and merger and acquisition activity as the economic downturn took hold in late 2022. Venture capital financing tumbled to $18.5 billion in 2022, 39% lower than the record-breaking $30.4 billion invested in 2021, according to data from Momentum Cyber in its 2023 Cybersecurity Almanac. […]
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