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.

Lloyd’s Won’t Cover Losses from State-Sponsored Cyber Attacks 

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“The company explained it will no longer cover losses resulting from ‘cyber-war,’ which it defined as a cyber-operation carried out as part of a war, any retaliatory attacks between specified states, or a cyber-operation ‘that has a major detrimental impact on the functioning of a state.’” Source: Lloyd’s Carves Out Cyber-Insurance Exclusions for State-Sponsored Attacks … Read more

Relay Teams With At-Bay — Brokers to Access “Instant, Bindable” Cyber Insurance Quotes

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“The Relay I5 platform allows insurance brokers to visually structure placements, rapidly identify and approach the most relevant markets, and access tools to help increase win rates. At-Bay offers instant, bindable Cyber quotes via API up to $3 million in limits for businesses up to $100 million in revenue. At-Bay Cyber policies provide broad first- … Read more

“Micro” Cyber Insurance Enabled by Blockchain Gets Patent; From CloudCover 

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“In utilizing blockchain technology for this incremental insurance of ‘data in motion,’ CloudCover is creating a permanent and public record of every micro-policy that is opened and closed. Each micro-insurance policy is automated on demand, and CloudCover notifies the policyholder and auto-adjudicates the claim. This is a departure from the typical cybersecurity insurance, in which … Read more

Cyber Insurance Premium Increases Significantly Outpace Other Categories, Q2 Data Indicates 

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“According to the Council of Insurance Agents & Brokers, cyber insurance premiums grew more than a quarter (25.5%) during that period. That’s well above the 17.4% increase witnessed by umbrella insurance and an average of 8.3% growth across all premiums.” Source: Rising Cyber Insurance Premiums Highlight Importance of Ransomware Prevention

Feds Looking for More Cyber Insurance Data From Providers 

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Move is linked to the Terrorism Risk Insurance Program (TRIP) & potential increased industry role by US Treasury Department. “Treasury is navigating a narrow course between trying to work with insurers to gather data on ransomware payments and warning insurance companies and other financial third parties that they run the risk of violating sanctions by making such … Read more

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