Though fairly nascent, the cybersecurity services market has already gone through several makeovers as it adapted to rapidly changing regulations, spikes in cyberattacks and an ongoing shortage of skilled talent. With companies navigating more regulatory and cyber risks, the market has made room for new players such as consultants, law firms and alternative legal service providers (ALSPs).
In fact, as more law firms have launched cybersecurity practices over the past few years to meet clients’ growing demands, ALSPs have followed closely behind. Just as they did with e-discovery, ALSPs have now started commoditizing some cybersecurity services, from data mining and review to breach notification, while also moving into adjacent areas such as regulatory compliance.
