7 Cybersecurity Stocks to Buy on the Dip Cybersecurity stocks to buy on the dip is our topic for today. Shares of most cybersecurity firms outperformed the broader market early in 2022 following the Russian invasion of Ukraine yet failed to hold on to those gains amidst the selloff in tech stocks. For instance, the First Trust Nasdaq Cybersecurity ETF (NASDAQ: CIBR ), which invests in leading cybersecurity names, has declined 22% year-to-date (YTD). The ongoing selloff offers investors compelling opportunities to grab cybersecurity stocks at their most attractive valuations in years. Rising geopolitical turmoil, high-profile ransomware attacks, and the work-from-home trend underscore the need for cybersecurity protection. According to the Identity Theft Resource Center , the number of data breaches set a new record in 2021, up 23% over the previous all-time high and 68% year-over-year (YOY). Meanwhile, a recent survey by PricewaterhouseCoopers indicates close to 70% of businesses expect an increase in cyber spending this year.