If you looked at the stock charts, you'd think 2022 was a bad year for the cybersecurity industry. But in fact, the bear market is masking a surge in the expansion of operations that began when the pandemic fired off a warning shot to organizations around the globe: Protect your digital assets ... or else.

Cybersecurity has always been important, but with every sector of the economy rapidly adopting cloud computing, effective security software is now an absolute necessity. 

As measured by revenue, two companies sit atop the cybersecurity industry: Palo Alto Networks (NASDAQ: PANW) and Fortinet (NASDAQ: FTNT). Are they smart buys for 2023? 

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Source Fool.com