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.

Supply-Chain Risk Continues to Bedevil Large Companies and their Cyber Insurers 

by

We’ve all heard the horror stories of companies hacked via penetrations of their vendors and partners. “’A company can take out insurance for third parties, but we don’t see a lot of those premiums tied directly to the number of third parties a company has under contract,’ (Jerry Caponera, general manager of risk quantification at … Read more

Better Risk Quantification Needed to Grease Skids for Cyber ILS: DeNexus/Artemis

by

“’Regardless of whether ILS (Insurance-Linked Securities) markets are not fully appreciating the differences between NatCat and cyber, a demonstration that the original risk is being assessed with appropriate granularity is essential for confidence in capital application and price for required returns. Otherwise, there is still too large an element of guess work, which would actually … Read more

BOXX Lands $14.4m B Round, Led By Zurich 

by

With this round, the insurtech has raised US$24.5 million. Zurich Insurance participated in both rounds. BOXX says it’s grown 10X in the last 24 months and now serves over 250,000 individuals and 10,000 businesses. The investment and BOXX’s growth demonstrated the continued traction of tech companies that combine insurance with security applications. “We’re not only … Read more

More Government Control and Less Reliance on Cyber Insurance: Predictions on Forthcoming National Cyber Strategy

by

The hints come from an article by the National Security Agency’s (NSA) former general counsel, Glenn S. Gerstell, who’s been involved in development of the plan. He predicts a much more detailed cyber strategy than in past and indicates increased federal involvement is coming, because: “Market forces are not enough.” That includes reliance on cyber … Read more

Whoever Underwrote this Hospital System May Not Be Sleeping Well

by

…unless the hospital has no cyber insurance, in which case the board and CEO are the ones with insomnia. Tallahassee Memorial HealthCare, a 772-bed hospital with specialty care centers, has shut down its IT system and is diverting emergency patients to other hospitals. The apparent cause: a ransomware attack. “‘We continue to divert some EMS … Read more

×