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Adapted from PitchBook; Chart: Axios Visuals

The cybersecurity sector is attracting "unprecedented levels of VC dealmaking," according to the year-end Venture Monitor report by the National Venture Capital Association and PitchBook.

Why it matters: Technology is now not just a sector of the economy, it is the primary driver of the economy. And the more wireless networks, software applications, cloud data centers and internet-connected devices we use, the more security vulnerabilities we'll have to protect against. 

The big picture: That's a big opportunity for smart investors. Virtually every company is willing to pay big bucks for security solutions and protection. And the threats are morphing all the time. 

Details: Cybersecurity capital investment hit a new record in 2019. 

  • The share of late-stage deals fell slightly due to strong interest in early-stage deals, per the data. 
  • The average deal size in 2019 was $17.3 million, a slight uptick from 2018. 
  • But average valuations fell to $136.8 million, a correction after a significant uptick from 2017–2018. 

Go deeper: Huawei's trial by "what if"

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Ousted former U.S. attorney for SDNY to testify before House Judiciary Committee

Berman in October 2019 in New York City. Photo: Johannes Eisele/AFP via Getty Images

Geoffrey Berman, the former U.S. attorney for the Southern District of New York, is scheduled to testify to the House Judiciary Committee next week on the circumstances of his forced resignation, Politico reports, citing a congressional aide.

Why it matters: As the top federal prosecutor in Manhattan, Berman oversaw high-profile cases that worried and angered President Trump and his inner circle, including an investigation into his personal lawyer Rudy Giuliani. His removal has added to allegations by Democrats that Attorney General Bill Barr has politicized the Justice Department under President Trump.

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Photo: Mario Tama/Getty Images

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