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.

Psst… Hackers Try to Team Up with Insured Against Cyber Carriers 

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“A new scheme involves demanding that the target provide details of its cyber insurance policies so that the payment demands can be adjusted to fall within the coverage the victim purchased.” (We’ve written about this trend before… ) Excerpt of a message from a ransomware gang (provided by Varonis): “(S)ince the sneaky insurance agent purposely … Read more

America’s Top Cyber Insurance Companies — the Rankings May Surprise You 

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“The nation boasts a thriving cyber insurance sector that is predicted to become a $20-billion industry by the middle of the decade, with the 10 largest cyber insurers accounting for almost 60% of the overall market. These insurers offer a range of policies designed to protect businesses in varying industries.” With cyber risks constantly evolving, … Read more

PEGs Want Their Portfolio Companies to Have Cyber Insurance. But What’s the Best Way?

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Tax, audit and advisory firm Grant Thornton has ideas. “Some sort of shared access, as opposed to aggregated purchasing, may gain some of the advantages without triggering these issues (challenges in portfolio-wide cyber insurance requirements and purchasing.) Another promising approach would be for PE firms to create financial incentives, possibly funded by a shared pool, … Read more

Sophos Security Teams with Cowbell 

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Summarized from the press release: Sophos has joined forces with Cowbell to provide small and medium-sized enterprises (SMEs) with an easier way to access cyber insurance. The partnership allows Sophos customers to share their security health information with Cowbell, streamlining the insurer’s risk assessment process and enabling assessors to evaluate defenses against requirements for insurance … Read more

Will AI Help the Hackers or Cyber Carriers More?

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Peter Hedberg, Vice President of Cyber Underwriting at Corvus Insurance, worries the hackers may benefit more in the short term: “Chat GPT removes a lot of markers because the answers that this technology delivers seems so natural and so human, however this also allows for the attack vector to scale effectively. So, instead of spending … Read more

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