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.

Half of Cyber Insureds Improve Their Security As Part of Getting Policy: Survey

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The cyber insurance industry has long asserted that its underwriting processes, combined with security tech embedded in policies or supplied by third parties, will improve their clients’ security and impact the broader economy. Some carriers have provided statistics on breaches that appear to support the proposition. Cyber security company Netwrix tested this with a survey … Read more

BOXX Aims to Capture Clients Before They Scale in New Partnership

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Consumer brands are known for their efforts to convert young people with the intent of making them life-time customers. BOXX appears to be doing something similar with start-ups. As the cyber insurance market for small-and-medium businesses becomes more competitive, BOXX’s strategy apparently includes signing emerging companies at their early stages. The provider of fused cyber-security … Read more

A Tale of Two Disclosures: SEC Cyber Filings from MGM and Caesars After Their Recent Hacks

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We’ve written extensively about the SEC regulations requiring public companies to disclose material cyber events (see full regs and legal analysis of it here.) Analysis of the legal and business ramifications of the disclosure regime have raised a number of issues, including potential conflicts between the cyber and D&O or other policies of insureds hit … Read more

Potential Insurance Conflicts Exposed by New SEC Cybersecurity Reporting Rules

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We’ve reported extensively on the new SEC rules requiring disclosure of material cyber events by US public companies (see the full reg and legal analysis of it and its implications here.) The new regulatory regime is just starting. A couple recent examples are the 8K disclosures file by Caesars, relatively detailed and with what we … Read more

Europe’s First MGA for Cyber Insurance, Stoik, Raises €11 million ($10.7 million) from Blue-Chip Investors

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Stoik calls itself the “first MGA in Europe to empower brokers by providing their (SME) clients with insurance policy and protection against cyber risks.” “The fresh investment will support the company’s expansion across Europe as it enters its first market field, beginning with Germany. The €10 million arrives via lead investors Munich Re Ventures, and … Read more

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