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Can cybersecurity weather the current economic chaos?

(Image by Kris from Pixabay)

By Robert Lemos

As the Trump administration continues to pursue a chaotic tariff policy — announcing steep tariffs on the United States’ major trading partners, only to pause most of the import taxes for 90 days — economists are increasingly predicting a recession in the next 12 months, as business decision-makers pare back plans for the future amid increasing inflation and uncertainty.

For the cybersecurity industry, however, the impact may be less pronounced, according to financial analysts. The cybersecurity industry is a “defensive” play for investors to weather the coming “Category 5 storm,” analysts at Wedbush Security reportedly stated. And many services provided by cybersecurity firms are required by regulations and risk management, according to Keith Weiss, a managing director at investment bank Morgan Stanley.

Read more at Dark Reading