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.

Cyber Insurers Need to Protect Themselves First

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We’ve all heard a flight attendant tell passengers to don the emergency air mask first before they try to help others. The same concept holds for cyber insurance companies, some of which have been struck hard by hackers. “It is imperative that not only we protect with modern technology and innovation needed in this market, … Read more

Cyber Insurance Pays Back Only App. 60% of Ransomware Costs & Then Rates Go Up

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There’s grim news in a new survey from cloud vendor Cloudian and Sapio Research: Cyber insurance only pays about 60% of costs from ransomware attacks — and paying ransoms often does not result in the return of most data. Most companies see their cyber insurance rates climb some 25% after a ransomware attack. Get the … Read more

Cyber Insurance Rates Climb While Coverage Declines

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The U.S. cyber insurance industry is now teetering on the edge of profitability, upended by a more than 400 per cent rise last year in ransomware cases and skyrocketing extortion demands. As a percentage of premiums collected, cyber insurance payouts now top 70 per cent, the break-even point…” Source: Cyber insurance rates likely to rise … Read more

Do I Already Have Cyber Security Insurance? If You Have to Ask, the Answer is Probably “No.”

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Cyber insurance — also called cyber security insurance, cyber liability insurance, cyber risk insurance, and data security insurance, among other terms — is an insurance product used to protect businesses from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial … Read more

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