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.

The Grand Jury Says: Get Cyber Insurance

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The San Diego County Civil Grand Jury exists to “represent the citizens of San Diego County by investigating, evaluating, and reporting on the actions of local government and special districts.” Its new report gauges efforts by the San Diego County Office of Education (SDCOE) and local school districts to handle cyber security and how they … Read more

Are Non-Criminal Claims a Growing Risk for Cyber Insurance Providers?

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We recently told you how one cyber insurance expert predicts the massive CrowdStrike-caused IT outage may change the cyber insurance industry, including by boosting demand for coverage of non-malicious losses, or non-criminal claims, such as business interruptions cause by software failures. The recent NetDiligence Cyber Claims Study 2024 (see our summary of other findings here) … Read more

CrowdStrike Snafu Will Shake Up Cyber Insurance Market: Broadstone

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What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this summer will move the cyber liability insurance market anyway. “The CrowdStrike event, along with other recent cyber incidents like MoveIT, Change Healthcare, CDK Global, and … Read more

FifthWall Closes $5 Million A Round; Cyber Insurance Wholesaler Announces New Executives

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FifthWall Solutions has announced the closing of a $5 million Series-A funding round. The investors were not dislosed by the company, which says the round will support product development and other growth initiatives. FifthWall describes itself as a “leading cyber insurance wholesaler and consulting firm with direct access to 50+ carriers, (that) partners with MSPs … Read more

Envelop Risk Leverages Its Cyber Tech to Provide Services to Cyber Reinsurance/Insurance Market

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The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario modelling, capital metrics, cyber market analytics, new product development, threat intelligence, reinsurance operations automation, and global cyber risk forecasting.” “We have developed advanced capabilities to … Read more

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