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.

New Cyber Insurance Company Announces $10m Round for Solution Combining SaaS Cyber Sec Tools with Insurance 

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Guardz offers “a SaaS-based set of low-code security tools designed for businesses using cloud services, designed to be implemented without any specific security or advanced technical expertise; and insurance to help cover organizations in cases where something is disrupted.” The round included Hanaco Ventures, with iAngels, GKFF Ventures and Cyverse Capital. Guardz’ valuation was not … Read more

UK Gov Offers Cyber Insurance — “Appalling” or “Good Step?”

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“While UK government scheme Cyber Essentials works to protect SMEs from cyber risks, it can provide a false sense of security that firms are completely protected,” reports Insurance Times. Very different from broader proposed US government involvement in cyber, the British program offers two levels: “Cyber Essentials – this enables organisations to assess themselves against … Read more

Cyber Insurers Stress-Tested by Bank of England Get Grade We Used to Receive in School: “Needs Improvement” 

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The Prudential Regulation Authority (PRA), part of the Bank of England, asked 17 general insurers and 21 Lloyd’s of London syndicates to assess their solvency against a set of cyber losses. “The regulator assessed industry responses to three underwriting ‘cyber scenarios’ – a cloud outage, data exfiltration and systemic ransomware.”The Bank of England’s Prudential Regulation … Read more

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