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.

Cyber Crooks May Have Been Watching “The Graduate;” Hit British Maker of Plastic Construction Parts 

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“Eurocell said: ‘We experienced a cyber incident towards the end of July (2022), which resulted in some temporary disruption. The incident was efficiently resolved, with the business remaining operational throughout and trading normally from mid-August. We have now partially resolved our cyber insurance claim and expect to recognise compensation in excess of £1 million [Editor … Read more

Do You Speak “Cyber?” For Brokers Who Don’t, Cowbell Wants to Help 

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“…Cowbell found that 48% of insurance brokers and agents feel uncomfortable explaining cyber insurance to their clients. The same study found that 60% of clients are driven to obtain cyber insurance through increased awareness around cyber insurance, not by their brokers or agents, but instead by their peers.” The “Cowbell Academy,” says the company, is … Read more

CYGNVS™ Breaks Stealth Mode with $55m A Round from Andreessen; Developed Platform with AIG 

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Led by Andreessen Horowitz, the round included participation from Stone Point Ventures and EOS Venture Partners. Use of proceeds include expanding sales and building out the platform for an “end-to-end response process.” “CYGNVS (an acronym of CYber GuidaNce Virtual Space) empowers organizations to reduce their risk before a cyber crisis through preparation and practice and … Read more

Beazley’s New $45m “Cyber Cat Bond” May Be Sign of Things to Come: Information Week 

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We told you about Beazley’s CAT bond and then its listing on the Bermuda exchange. This development in ILS is generating some optimism among those who fear devastating, system-wide damages from future cyber attacks. “’This innovative way of viewing, financing, and insuring against cybercrime may signal a systemic shift in how corporates and insurers assess … Read more

“Fraudulent Instruction” Attack Swipes $690,000 from Senate Campaign 

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We’ve reported on the rise of “fraudulent instruction” scams and concerns they raise for the cyber insurance industry. This one targeted the campaign of Senator Jerry Moran (R, Kansas). “Cybercriminals targeted the accounting firm employed by Moran For Kansas and money was wired to fraudulent bank accounts,” Moran for Kansas spokesperson Tom Brandt told NBC … Read more

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