Mark Sauter

Mark Sauter's insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook "Homeland Security: a Complete Guide," Sauter was also a consultant to one of the world's largest software companies and served as a US Army Special Forces and infantry officer.

SEC Cyber Disclosure Rule Criticized in Recent Reports

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We’ve reported extensively on the SEC cyber disclosure rule that requires public companies to submit 8-K filings when they’re hit with cyber attacks. For some reason, the rule has attracted criticism from several media outlets in recent days. Earlier this week Bloomberg Law provided a critical review (under paywall) of how companies have responded to … Read more

ProWriters, a Cyber Insurance Wholesaler, Is For Sale: Report

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Insurance wholesaler ProWriters, a digital distributor which has made a push in cyber insurance, is exploring a potential sale of its business, reports Insurance Insider US. Insurance M&A specialist Dowling Hales is advising ProWriters, according to the article. ProWriters offers several categories of cyber insurance, including E&O, CGL & D&O. It generates revenue of app. … Read more

“What’s the Number of Our Cyber Insurance Broker?” School Districts Across North America Ask After PowerSchool Hack

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“’You should certainly interact with your (cyber) insurance brokers in that regard and speak with them about the best circumstance for you,’ (PowerSchool Chief Legal Officer Michael) Bisignano” has been advising clients of the firm, which this month began alerting clients of its recent breach. How the PowerSchool Hack and the Need for Cyber Insurance … Read more

Better Late Than Never & Better Insured Than Not: NY Town Announces Hack & Expected Recovery from Cyber Insurance for Government

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The town of Webster, NY has announced it lost more than $520,000 in a phishing attack in November, but says local police have recovered $300,000 of the stolen money and its cyber insurer is expected to cover another $240,000 under the town’s cyber insurance for government. The incident has been described as a phishing attack, … Read more

Cowbell Cyber Touts Customer Numbers

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The pure-play insurtech Cowbell Cyber, which offers what it calls the “first continuous underwriting platform for cyber insurance,” has become a well-known brand in the cyber insurance sector since its founding a bit over five years ago. Last year the company expanded its solutions to clients with up to $1 billion in revenue and has … Read more

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