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.

Reinsurers Helping Drive Trend of Stand-alone Cyber Insurance Policies: Gallagher Re 

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“Cyber insurance carriers continued to explore (and pursue) standalone cyber placements in response to increasing pressure by reinsurers to place cyber separately,” Gallagher noted in its new 1st View report. We’ve noted the move to stand-alone cyber policies, including here Get the very first view of current market conditions within the reinsurance industry for the … Read more

Cyber Insurance Rates Down This Year While Ransomware Attacks Increase: Howden

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The large European broker reports cyber insurance pricing is down some 9% so far this year, but ransomware incidents are up almost 50% YoY. So why the discrepancy? We think the lag between increases in ransomware attacks and growth in rates may be a significant part of the answer, as At-Bay noted earlier this year: … Read more

Bug Bounties Go Into Orbit

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“Hack-A-Sat is a Capture the Flag (CTF) competition designed to inspire the world’s top cybersecurity talent to develop the skills necessary to help reduce vulnerabilities and build more secure space systems. In Hack-A-Sat 1, 2 and 3, the best of the best have been learning more about all the skills required to hack in space … Read more

Damage from Cyber Attacks on Healthcare Organizations Goes Far Beyond Ransoms and Compromised Data 

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The article reports healthcare enterprises have suffered 200 “cyber incidents” since January. It cites another report on the real-world impact of cyber attacks on healthcare organizations: “A cybersecurity breach could dismantle a hospital’s entire network, sending an already high-stakes workplace into chaos and putting patients at risk. Recent research shows that 32 percent of healthcare … Read more

No Lazy Days of Summer for K-12 Schools Trying to Get Their Cyber Insurance Renewed 

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“Most school districts’ insurance policies expire on July 1, which means it is crunch time for collecting information and submitting applications. K–12 IT leaders should work in partnership with their insurance brokers to renew or apply for insurance policies, including cyber insurance, for the upcoming year. For the 1,981 schools hit by ransomware last year, … Read more

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