FTI Consulting Launches National Security Offering Led by Former FBI Assistant Director

Rhea-AI Summary

FTI Consulting (NYSE: FCN) has launched a National Security offering to address growing threats to the private sector and increased demand for comprehensive solutions. The offering will focus on risk and compliance advisory and investigative capabilities in critical industries such as healthcare, financial services, energy, and technology.

Michael J. Driscoll, former FBI Assistant Director, will lead the initiative, bringing over 26 years of experience in cybersecurity and national security. The multidisciplinary team will advise on issues including cyber risks, insider threats, espionage, CFIUS reviews, export controls, and sanctions. This launch aims to help companies protect their assets, supply chains, and national interests in an increasingly globalized and digitized world.

Positive

• Launch of a new National Security offering, potentially expanding FTI Consulting's service portfolio
• Appointment of Michael J. Driscoll, former FBI Assistant Director, to lead the new offering
• Addressing growing market demand for comprehensive national security solutions
• Potential for increased revenue from new service offerings in critical industries

Negative

• None.

Insights

National Security Expert

The launch of FTI Consulting's National Security offering is a strategic move in response to escalating global threats. This service addresses a critical gap in the market, as private sector companies increasingly face sophisticated attacks from foreign actors. The offering's focus on critical industries like healthcare, financial services and energy is particularly noteworthy.

Led by Michael J. Driscoll, a former FBI Assistant Director, the team brings substantial expertise to the table. Their comprehensive approach, covering cyber risks, insider threats and regulatory compliance, positions FTI Consulting as a one-stop solution for companies navigating complex national security landscapes. This move could potentially strengthen FTI's market position and open up new revenue streams in the growing national security consulting sector.

Financial Analyst

While the financial impact isn't immediately quantifiable, this initiative positions FTI Consulting to tap into a high-growth market. The increasing regulatory focus on national security issues, particularly in critical industries, suggests a growing demand for these services. FTI's multidisciplinary approach, leveraging expertise from various government agencies, provides a competitive edge.

Investors should note the potential for increased revenue and client acquisition in key sectors. However, the success of this offering will depend on FTI's ability to effectively market these services and differentiate from competitors. The long-term financial benefits could be substantial if FTI can establish itself as a leader in this niche, high-value consulting area.

Cybersecurity Expert

FTI Consulting's new National Security offering addresses a critical need in today's digital landscape. With cyber threats evolving rapidly, the integration of cybersecurity expertise with broader national security concerns is timely and necessary. The inclusion of Anthony J. Ferrante, with his White House cybersecurity experience, adds significant credibility to this offering.

The focus on supply chain security and critical infrastructure protection is particularly relevant given recent high-profile cyber attacks. FTI's approach of combining cyber risk assessment with regulatory compliance support could provide comprehensive solutions that many companies currently lack. This holistic strategy could set FTI apart in a crowded cybersecurity market, potentially leading to increased market share in this rapidly growing sector.

WASHINGTON, Sept. 16, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the launch of a National Security offering to address growing threats to the private sector and increased demand for comprehensive solutions that protect clients, their supply chains and critical assets, and national interests in an increasingly globalized and digitized world.

Domestic and international companies in all industries are facing threats from sophisticated, hostile foreign actors. They also need to be prepared for operational, technical and financial challenges that may pose risks to national interests and invite regulatory investigation or enforcement actions. The National Security offering will include risk and compliance advisory and investigative capabilities focused on critical industries and infrastructure, such as healthcare, financial services and energy, as well as technology including the semiconductor industry.

Michael J. Driscoll, former Assistant Director in Charge of the FBI’s New York office, will lead the offering. Mr. Driscoll has more than 26 years of experience in cybersecurity, threat intelligence, criminal investigations and national security and extensive collaboration with international partners in the government and private sector.

“The private sector is now a crucial player in national security, especially as emerging technologies and geopolitical tensions reshape the global landscape,” said Mr. Driscoll, a Senior Managing Director at FTI Consulting. “Sensitive customer data, advanced technologies, valuable intellectual property and political and economic influence are highly targeted by foreign actors for a competitive edge, so it’s critical that companies remain vigilant and proactively adapt to counter national security threats and comply with regulatory requirements, which are continuing to expand and evolve.”

FTI Consulting’s multidisciplinary team of experts, with backgrounds from the Department of Justice, FBI, U.S. Secret Service and other government agencies and regulators, as well as in-house legal and Chief Compliance Officers, will advise on a range of national security issues, including cyber risks and attacks, insider threats, espionage, CFIUS reviews, export controls, sanctions, transshipment and diversion of critical technology, cross-border data sharing and intellectual property theft. FTI Consulting has deep experience supporting organizations facing complex regulatory challenges and assisting with development and implementation of risk assessment, diligence and compliance program structures.

“Our global interconnectedness and reliance on technology for essential services can present significant threats, including to national security, if proper risk mitigation strategies are not implemented,” said Anthony J. Ferrante, a Senior Managing Director at FTI Consulting and former Director for Cyber Incident Response at the U.S. National Security Council at the White House. “A single incident can have cascading impacts and create sustained disruption, emphasizing the need to help the private sector ensure they are doing their part in protecting national security interests.”

William Perlstein, Global Segment Leader of the Forensic and Litigation Consulting segment at FTI Consulting, added, “Our national security experience spans critical areas like cybersecurity, investigations, export controls, sanctions and trade. When teamed with our strategic communications and data and analytics capabilities, our multidisciplinary teams bring deep industry expertise to the most challenging issues facing the private sector. I look forward to seeing how they will help our clients mitigate and manage national security risk.”

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,000 employees located in 33 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
555 12^th Street NW
Washington, DC 20004
+1.202.312.9100

Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact:
Matthew Bashalany
+1.617.897.1545
matthew.bashalany@fticonsulting.com

FAQ

What is FTI Consulting's new National Security offering?

FTI Consulting's new National Security offering is a comprehensive solution addressing growing threats to the private sector, focusing on risk and compliance advisory and investigative capabilities in critical industries such as healthcare, financial services, energy, and technology.

Who is leading FTI Consulting's National Security offering?

Michael J. Driscoll, former Assistant Director in Charge of the FBI's New York office, is leading FTI Consulting's new National Security offering. He brings over 26 years of experience in cybersecurity, threat intelligence, and national security.

What specific services does FTI Consulting's National Security offering provide?

FTI Consulting's National Security offering provides advisory services on cyber risks, insider threats, espionage, CFIUS reviews, export controls, sanctions, transshipment and diversion of critical technology, cross-border data sharing, and intellectual property theft.

How might FTI Consulting's National Security offering impact its stock (FCN)?

The launch of FTI Consulting's National Security offering could potentially impact its stock (FCN) positively by expanding its service portfolio and addressing growing market demand, which may lead to increased revenue opportunities in critical industries.