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.

Are Ransomware Gangs Trustworthy?

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Cyber Insurance News has wondered how often ransomware gangs — groups of criminals often supported by hostile foreign powers — can be trusted. We asked Jennifer Coughlin of Mullen Coughlin, “a law firm uniquely dedicated exclusively to representing organizations facing data privacy events, information security incidents, and the need to address these risks before a … Read more

“Irresponsible Underwriting” Arises in Cyber Insurance Market As Capacity Increases & Premium Growth Moderates: Risk Placement Services

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Risk Placement Services (RPS), a national brokerage, calls itself “brokers in bold.” It recently presented its quarterly cyber update, including a report and presentations by RPS’ Steve Robinson, national cyber lead, Vice Presidents Tim Foody and Zach Kramer, and Jennifer Coughlin of Mullen Coughlin, “a law firm uniquely dedicated exclusively to representing organizations facing data … Read more

9/11 and Cyber Insurance: From the Cyber Insurance News Team

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One comment heard around the world on 9/11 is “Never Forget.” This exhortation applies to more than just the memory of 9/11 victims or the continued threat of terrorism. It should also serve as a reminder that “Black Swan” events never occur without at least some warnings. In 1998 Osama Bin Ladin issued a religious … Read more

New Cyber Loss Index Tracks Systemic Incidents Impacting the Cyber Insurance Industry

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The Index has been established by PERILS, the Swiss-based provider of catastrophe insurance data, and CyberAcuView, an organization set up by cyber insurers. The Index will include primary losses from systemic cyber incidents affecting more than one insurer and one policyholder. It will report events exceeding $500 million in industry losses within six months after … Read more

Did This Large Medical Practice Have too Much Cyber Insurance?

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OrthoVirginia Inc., with 105 surgeons across Virginia, was hit by Ryuk ransomware, which among other damage took down the practice’s database of X-rays. It took the organization 18 months to get back all its systems. This report has interesting details on the response. Notable is the mention of conflicts between the company’s malpractice and cyber … Read more

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