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.

Increasing Cost & Complexity of Cyber Insurance Leaving Healthcare Enterprises Behind? 

by

“’Based on a very healthy budget, we were able to check every box and keep our premiums to an increase of only 46% as opposed to the 103%,’  (ChristianaCare CISO Anahi) Santiago added. The reality is, ‘based on what’s being asked of us, I know that there’s absolutely no way that the 99% other healthcare … Read more

Does the Cyber Insurance Industry Overrate MFA? 

by

“MFA (Multi-Factor Authentication) is good and everyone should use it where they can to protect valuable data and systems (says security expert Roger A. Grimes.) Unfortunately, the insurance industry and their customers are going to learn that using ANY MFA is not going to be as helpful in reducing risk as they thought. Unfortunately, about … Read more

The Most Challenging Part of Cyber Insurance Underwriting: Business Interruption? 

by

We recently wrote about the business interruption (BI) risk from DDoS attacks. Now @CAC_Specialty discusses 5 important elements of BI coverage. “1) Waiting Period Length Prior to the hard market, waiting periods may have been as low as 8 to 10 hours for most insureds, whereas with the hard market conditions of 2021, some carriers … Read more

Are Municipalities Prime Targets for Hackers?

by

The report concerns a March 2022 attack on the Canadian tourist town of Banff, which apparently cost over $500,000. “Municipalities can be favoured targets of cybersecurity attackers because their cyber defences aren’t as sophisticated as higher levels of government. Attackers believe cities and towns may be more willing to pay ransoms than other organizations because … Read more

Ukraine War Has Actually REDUCED Ransomware Attacks: The Economist 

by

“Recent years had seen a boom in the use of ransomware, which scrambles victims’ computer data until a payment is made. Now, (Chairman of ISSP, a Ukrainian computer-security firm, Oleh) Derevianko says, the number of such attacks on ISSP’s corporate and government clients has dropped pretty-much to zero. Instead, many of those once involved in … Read more

×