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.

Public-Private Cyber Insurance Partnership is Needed: CEO of Zurich Insurance 

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This reminds us of the push after 9-11 for the US government to share terrorism losses with the insurance industry, which led to the Terrorism Risk Insurance Act, or TRIA. TRIA’s 2019 extension included a requirement for the federal government to study whether a similar structure might work for cyberterrorism. “Cyber – as some other … Read more

21% CAGR for Cyber Insurance Market from 2021-2031: Report 

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File this under “important if true.” We put limited credence in the specifics of market reports such as these, but the combined trendlines produced by these various reports indicate rapid growth of the cyber insurance sector, which is consistent with recent historical results and the expectations of informed market participants. “The global cyber insurance market … Read more

Wisconsin Joins Maine and Iowa as Recent Adoptees of New Cybersecurity Insurance Law 

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“The Act establishes investigation procedures, data security program standards, and notification requirements for anyone licensed by Wisconsin’s Office of the Commissioner of Insurance (licensees), including insurers and agents. Exempt from compliance are licensees with fewer than 50 employees, less than $10 million in total year-end assets, or less than $5 million in gross annual revenue.” … Read more

Are Cyber Insurers and their Clients Putting Too Much Trust in MFA (Multifactor Authentication) to Stop Ransomware? 

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The report asserts the industry is putting too much emphasis on MFA as a defense when more attacks come via social engineering or unpatched software and Remote Desktop Protocol (RDP)-involved attacks — none of which can be prevented solely by MFA. “MFA is good, it significantly reduces the risk of many types of popular attacks … Read more

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