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.

How Long Does It Take a Broker to Get a Cyber Insurance Quote? Too Long, Says Relay, Offering a Solution  

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“The company’s new feature provides a quick and easy onboarding process that gets brokers from sign-up to receiving quotes from a selection of approved carriers in minutes, eliminating the need for prior broker appointments. The traditional process of onboarding and subsequently quoting with carriers can take weeks, which can be a significant setback for those … Read more

What Do Cyber Insurance and Exploding Steam Boilers during the 1800s Have in Common? 

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According to this report, the evolution of cyber insurance is in some ways similar to the insurance industry’s response to the dangers of steam boilers as they became more common. “From The History of Hartford Steam Boiler: ‘Most dismissed these incidents as ‘acts of God.’ People who ran industrial concerns simply assumed that their boilers … Read more

What’s Hot? Cowbell, Says Cyber Defense Magazine  

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The cyber insurance provider to SMBs won a Global InfoSec Award from Cyber Defense Magazine in the category of Hot Cyber Insurance. “‘Cowbell embodies three major features we judges look for to become winners: understanding tomorrow’s threats, today, providing a cost-effective solution and innovating in unexpected ways that can help mitigate cyber risk and get … Read more

Patient Sues Hospital Network to Make it Pay Ransom 

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“A cancer patient filed the lawsuit as an anonymous plaintiff, referred to as Jane Doe in the lawsuit, after [Lehigh Valley Health Network in Allentown, Pa.’s] chief compliance officer informed her by phone that photos of her naked during her treatment were online, the lawsuit said. Jane Doe said she wasn’t aware the photos were … Read more

Could a Fed Backstop for Cyber Insurance Harm the Industry? 

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SecurityWeek‘s interesting report covers the pros/cons of the cyber insurance backstop the Biden Admin seems to be advancing. The benefits to the industry of having the government cover fall-out from a systemic and/or war-related cyber event appear clear. But there are potential downsides. “The purpose of a backstop would be to make cyberinsurance more widely … Read more

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