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.

Don’t Tip Your Hand to Ransomware Crooks 

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CFC offers cyber-insurance policy encryption to prevent crooks from learning how much your carrier would pay in an attack. “James Burns, Head of Cyber at CFC, said, ‘Our goal is to ensure that should a customer’s policy documents fall into the wrong hands, it can’t be used as leverage in an extortion attempt. While it’s … Read more

Coalition Moves Upmarket 

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The Company is now offering its active cyber insurance to companies with up to $5 billion revenue. “The company’s increased capacity above its existing limit of $1 billion comes from a syndicated placement across many of its existing partners. ‘By opening up our capacity to enterprise businesses with $5 billion in revenue, we are widening … Read more

The “Peace Garden State” Offers Innovative Cybersecurity & Insurance Program for State/Local Agencies  

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[Yes, we didn’t know that’s North Dakota’s office nickname.] How to help state/local governments improve their cybersecurity when cyber employees are scarce, threats many and insurance expensive? An innovative approach is being run in North Dakota, where the state offers SOC and managed security services and users can obtain a 4% discount on cyber insurance. … Read more

Insurers Claim NotPetya Was “Cyber Nuclear Attack” 

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[Paywall may apply] “The costly NotPetya cyberattack, which the U.S. blamed on Russia, should be considered a ‘cyber nuclear attack,’ insurers argued as they urged judges to overturn a legal win by Merck & Co. in a dispute that could have broad ramifications for business insurance…The insurers appealed after a lower court judge sided with … Read more

How Many Clients Make Claims on their Cyber Insurance Policies? 

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It seems fair to say that definitive numbers remain as elusive as a North Korean hacker. The Wall Street Journal‘s Pro Research did a survey late last year indicating 6% of enterprises had made claims in the previous twelve months. Delinea’s survey reported almost 80% had many a claim at some point, with many of … Read more

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