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.

Biden Admin Plans 30-Country Meeting as Part of “Counter-Ransomware Initiative” 

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“The Biden administration hopes that their new informal group, which they’re calling the Counter-Ransomware Initiative, will bolster their diplomatic push that has included direct talks with Russia as well as the NATO alliance and Group of Seven (G7) wealthy nations.” Source: White House Plans 30-Country Meeting to Combat Ransomware and Cyber Crime

Solutions for Healthcare Organizations Seeking or Maintaining Cyber Insurance 

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“One of the numerous requirements is for organizations to implement and run a PAM (Privileged Access Management) tool that will continuously scan access, provides Just In Time Access (JITA), and delivers protection when credentials are compromised.” CynergisTek (CTEK), a leading cybersecurity firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces … Read more

Coalition’s Valuation Doubles in Six Months as VCs Continue to Fund Cyber Insurance Players 

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“Coalition is not the only cyber insurer this year to attract the attention of venture capital. In March—the same month Coalition announced its Series D—Boston-based Corvus Insurance announced a $100 million Series C at a $750 million valuation, and Pleasanton, California-based insurtech startup Cowbell Cyber raised a $20 million Series A.” Source: VCs Continue To Flock To Cyber Insurance As Coalition’s … Read more

Brokers & Clients Continue to Lack Knowledge to Make Good Cyber Insurance Decisions:  Insurance Business America

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“One broker noted that ‘the insurance industry has done a really poor job on educating brokers and, more importantly, clients about how important cyber coverage is, how great the risk is, and how comprehensive the coverage can be if properly placed.’ Another responded that the industry also needs to be ‘educating non-tech businesses on their … Read more

School District Gets Cyber + Crime Insurance Payment After Cyber Scam 

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“‘We went through cyber insurance and also crime insurance and between the two out of the $312,000 fraudulent … we’re recuperating $307,000, so though there will be a $5,000 loss to the district,’ she explained during the business manager reports period. ‘But thankfully, that’s a lot less than we anticipated that it could have been.’” … Read more

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