The need for rock-solid cyberattack prevention and protection has never been greater.

The practice of safeguarding systems, networks, and programmes from digital threats is crucial in today’s fast-paced, ever-evolving business landscape. In 2023, more than 400 cybersecurity-related M&A deals were completed, totalling approximately US$50 billion. However, this marked an 8% decrease from 2022 despite several deals exceeding US$1 billion in value.

This sector snapshot explores the trends forecast for the next 12 months. We examine why the principle of “never trust, always verify” is essential in significantly limiting the scope of an attack, the rising costs of cyber insurance, and how the exponential growth of IoT is driving innovations in security.

Discover why this hot sector did not translate into more deals in 2023 in Clairfield’s cybersecurity snapshot here.