Firevault unveils offline digital vault to combat rising cyber risks
Firevault has launched a new offline digital vault system aimed at protecting businesses, directors, and boards from escalating cyber breach risks and their associated consequences.
The product, called Firevault – Disconnect to Protect, is presented as a means to take critical data out of reach by physically disconnecting it from online systems, which are frequently targeted by cyber attackers.
The context
Firevault's creation was motivated by the increasing frequency and consequences of corporate data breaches both in the UK and globally. Mark Fermor and David Bailey, the co-founders, observed numerous companies experiencing avoidable breaches that led to significant fines, business troubles, and loss of reputation.
"Too many good businesses are being dragged under by breaches they could have avoided," said Mark Fermor, Co-Founder of Firevault. "Firevault exists to give directors certainty. If it's physically offline and disconnected, it can't be scanned, stolen, or ransomed."
Financial and legal risks
In the United Kingdom, the average cost of a breach is estimated at GBP £3.29 million, according to data referenced from IBM for 2025. The Information Commissioner's Office (ICO) can currently issue fines up to GBP £17.5 million or 4% of an organisation's global turnover, and there are cases where directors can face individual fines up to GBP £500,000. Additional consequences can include disqualification from serving as a director, regulatory investigations, and both legal and reputational consequences.
The United States reports the highest average breach cost globally at USD $10.22 million. New regulations require that material breaches be disclosed within four business days, and recent precedents have shown that Chief Information Security Officers (CISOs) and directors can be held personally liable for disclosure failures. Legal cases, such as those against executives at Uber and SolarWinds, have resulted in personal fines and criminal charges, highlighting the potential for civil and criminal liability, probation, and irreparable damage to professional reputations.
In the Middle East, breach costs reach approximately SAR 27 million. Data protection laws in Saudi Arabia stipulate fines up to SAR 5 million, with additional risks of imprisonment for unlawful data disclosures. In the United Arab Emirates, penalties can reach AED 5 million, while the Abu Dhabi Global Market can impose fines up to USD $28 million. Consequences for breaches in these regions extend to licence suspension, criminal penalties, and personal accountability for executives.
Addressing the risks, Firevault positions its system as a way to eliminate digital exposure by ensuring important data is not physically accessible online. The approach aims to limit potential financial, regulatory, and personal liabilities associated with the growing sophistication and frequency of cyber incidents.
The Firevault product suite
The Firevault offering consists of several products. The core 'Vault' product is an offline secured digital vault for use by directors, shareholders, high-net-worth individuals, family offices, and professionals. It is designed to store sensitive documents such as board papers, contracts, financial records, identity documents, investment records, intellectual property, and personal archives. Each vault is 'identity-locked' to a single verified owner, with models offered in 2TB, 4TB, and 8TB options starting at GBP £360 per month. Continuity options include Backup Vault and Vault Buddy.
For large organisations, 'Storage' is a scalable offline storage system intended to keep commercial, critical, and customer data isolated from connected networks. The company claims this system can deliver risk reduction as well as operational expenditure savings exceeding 30% compared to connected alternatives. The product is mapped to the "0" in the 3-2-1-0 backup model.
The Platform solution, FV-PaaS, is described as an offline-first platform with nine modules intended for use by governments, enterprises, and operators of critical infrastructure. It supports multi-site, sovereign-grade deployments for the secure and disconnected storage of sensitive information.
Purpose and benefits
Firevault's management highlights that the core benefit of the platform is to mitigate cyber risk for businesses, reduce personal liability for directors, and offer assurance to investors on risk management standards.
"Cybercrime is now one of the most significant business risks of our time," said David Bailey, Firevault Co-Founder. "Boards and directors know their names are on the line. Firevault delivers a simple truth: if it's offline, it's safe."
The company had experienced a market environment where the frequency and costs of cybercrime are growing, with estimates referencing an USD $11 trillion global cybercrime problem in 2025, and thousands of files being stolen every second.
Firevault Vault, Storage, and FV-PaaS are available as current products. The company has positioned its solution as a new category in offline secured storage for executives, enterprises, and critical infrastructure, with the aim of meeting the requirements for board assurance and risk reduction in a changing regulatory and risk landscape.
