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.

Converge Lands $15 Million A-Round from Forgepoint Capital

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The march of cyber insurtechs continues. “Tom Kang has been appointed as CEO of Converge Insurance as part of the financing round, which closed last week. ‘Our mission is to empower policyholders with radically transparent cyber insurance so they can manage technology risks more intelligently,’ said Kang. ‘We’re thrilled to partner with the team at … Read more

Conventional Wisdom on Cyber Insurance & Ransomware is Wrong: British Think Tank 

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“Over a 12-month research project, researchers from RUSI (Royal United Services Institute for Defence and Security Studies), the University of Kent, De Montfort University and Oxford Brookes University conducted a series of expert interviews and workshops… This paper argues that there is, in fact, no compelling evidence that victims with cyber insurance are much more … Read more

Lawyers — Better Consider Cyber In Addition to Malpractice Insurance to Protect Against Losses from “Spoofing” 

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Interesting report about whether legal malpractice insurance covers lawyers when scammers trick them into sending their clients’ payments for real estate into phony accounts. “Of course, not all legal malpractice policies contain misappropriation exclusions, and in the absence thereof, the outcome of the coverage analysis could be different. However, where such an exclusion is present, … Read more

Demand Not A Constraint for Cyber Insurance Industry — Lack of Capital & Expertise Could Be: Gallagher Re

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“’One of the things we hypothesized right from the start was that cyber is going to be the most capital-constrained and most expertise-constrained class of business in the market. And so we focus on assisting our client base with those two key elements; whether it’s our expertise in helping them navigate the cyber landscape or … Read more

AWS Moves Deeper Into Cyber Insurance-related Services, Adding Cowbell

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From the Cowbell release: “Participation in this initiative demonstrates that Cowbell has deep expertise in serving SME customers with cyber insurance coverage tailored to their unique needs. As an AWS Cyber Insurance Partner, Cowbell’s solution has been vetted by AWS for its ability to streamline the quoting process using thorough cyber risk assessments that leverage … Read more

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