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An Industry Lacking in Cybersecurity Attorneys Is in Need

published May 15, 2017

Amanda Griffin

( 80 votes, average: 4.7 out of 5)

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Summary: Corporations big and small as well as government agencies are desperately in need of attorneys in data protection law, but there are very few to be found.

A wide variety of industries are looking for data protection and cybersecurity attorneys.

With more and more aspects of our lives moving to the internet, cybersecurity is a big concern. This concern has driven the demand for cybersecurity attorneys that can handle data protection law to an all-time high. Corporate general counsels, law firm managing partners, chief legal officers of hospitals and universities, and government counsels are all in agreement that there aren’t enough cybersecurity lawyers out there.

No one is safe from hackers – law firms big and small have experienced this truth. The No. 1 concern among Americans identified by a Gallup poll is identity theft. Data protection is up there with that and directly related to identity theft.

Cybersecurity attorneys have a deep knowledge of technology, but it is not a requirement. A background in STEM is usually important, but having a good legal background is the most important thing they can bring to the table.

Jobs in data protection law are found all over. Big corporations are the primary employers, with the first chief privacy officer appointed in 2000 by IBM. The other Fortune 1,000 companies followed right after. The International Association of Privacy Professionals reports that roughly 90 percent of its 14,000 members are corporate CPOs. The corporations are typically in financial services, healthcare, telecommunications, and retail.

The average cost of one data breach is estimated at $3.8 million, which is a big enough hit to any company hard enough that they want to protect themselves from risk. The data protection market is expected to grow 240 percent in 2017. It has already grown 60 percent in the past two years.

In September 2016 there were 33 attorney jobs listed on the government’s website for data protection. Consider that just twelve years ago there was one federal data protection officer and now there are over 40, as well as 55 chief information officers, and 73 inspector general officers specializing in data protection.

With such a great need, the compensation for data protection attorneys is climbing upwards. The average pay in 2015 for data protection attorneys was $163,170 plus a $20,000 bonus. Chief privacy officers make slightly more on average, with privacy officers with fewer than five years of experience pulling in $135,739. Expect these numbers to increase in this year.

Browse Data Protection Jobs on LawCrossing!

Browse Cybersecurity Jobs on LawCrossing

Photo: flickr.com