Firestorm Annual Crisis Event Impact Management Study Finds Disruptions Caused Companies an Average $2.9 Million in 2017

ROSWELL, GA / ACCESSWIRE / March 23, 2018 / Firestorm Solutions, LLC, a leading crisis and risk management firm and America’s CRISIS COACH®, announced today the release of the 2017 Crisis Event Impact Management Study.

This important global study combines data from executives across 14 countries in over 50 major industry verticals and encompasses 45 different disruptive event types. These events include impacts due to terrorism, industrial accidents, natural disasters, cyber incidents, lawsuits, fraud and political instability.

Hurricanes, cyber breaches, and power outages are the top events that triggered plans in 2017 with many describing 2017 as one of the most expensive and deadly years for disruptive events according to the annual study from Firestorm Analytical Solutions.

“This report quantifies the various types of economic impacts on a business due to disruptive events and identifies year-over-year trends. Our goal in this annual research is two-fold. First, to help people understand the costs associated with incidents that not only reduce the ability to conduct business. And second, to show the effectiveness of efforts to adapt and resume normal activity,” said Hart Brown, Firestorm COO.

Some of the key findings in the 2017 study show that over 75% of businesses invoked continuity or crisis plans in 2017 at least once. Additionally, the group surveyed responded to an average of 15 events per year.

“Most respondents describe the difficulty in calculating and determining the financial impact of a specific disruption, but this survey shows that the average annual cost to an organization by these disruptions is over 2.9 Million USD,” said Cheyene Marling, Firestorm EVP, People Solutions & Program Analytics.

The complete report is available through www.firestorm.com.

About Firestorm Solutions, LLC

Firestorm ® Solutions, a Novume™ Solutions company (NASDAQ: NVMM), is a leading crisis and risk management firm and America’s CRISIS COACH. Since 2005, Firestorm has assisted clients in transforming crisis into value by responding to some of the largest and most complex crisis events as well as combining best-practice consulting with proven crisis management expertise.

Firestorm empowers clients to manage crisis and risk through assessments, audits, program development, insurance partnerships, training and advisory services using the PREDICT.PLAN.PERFORM.® methodology.

Additional information on Firestorm can be accessed online at firestorm.com.

Forward-Looking Statements

This press release includes statements concerning Firestorm and its future expectations, plans and prospects that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in the filings of our parent, Novume Solutions, Inc. with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.

Contact:

Firestorm Solutions, LLC
info@firestorm.com

SOURCE: Firestorm Solutions, LLC

ReleaseID: 493998