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.

Munich Re Offers Virtual CISOs to Clients

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CyRisk provides the service, which it describes in this release as a “virtual CISO advisory service offering under the program includes two 90 minute consultations with CyRisk’s experienced consultants that ranges from security and vulnerability program management and incident response preparedness to privacy and regulatory guidance.” With the complexity of cybersecurity growing by the day, … Read more

Zurich Acquires Cyber Risk Company; Another Example of the Fusing of Cyber Insurance & Cyber Tech

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Zurich buys SpearTip to bolster its cyber risk and mitigation services to customers. “‘Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond when an attack occurs,’ said Tom Fioretti, Head of North America Zurich Resilience Solutions. ‘The acquisition of SpearTip represents a further … Read more

What Companies Need to Know About the SEC’s New Cybersecurity Rules: Reports & Analysis

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Here are some of the new reports from law firms about the SEC Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure rules (see a useful observation from Woodruff Sawyer after the list): Among the useful observations are these from Woodruff Sawyer (there are more at this link): “The SEC asserts that the rule is not … Read more

Cyber Insurance Premiums Down & Capacity Up: CIAB

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There’s positive news for the health of the cyber insurance industry in a new report from The Council of Insurance Agents & Brokers (CIAB). “Cyber insurance premiums rose by an average of just 3.6% in Q2 2023, perhaps the strongest sign of relief for this line seen yet,” says the CIAB’s Q2 2023 P/C Survey. … Read more

The Cyber Insurance Talent Shortage, Perspective from AXA XL

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“The industry is dealing with two issues with regard to the talent shortage. Of course, it’s attracting new talent, bringing people into the industry in the first place. But then, the issue becomes keeping them. Because of the shortage in the industry, competition among insurers is fierce. To help build our team, we developed our … Read more

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