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 Insurers Try to Plan for “Catastrophic Events:” WSJ

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“(T)he biggest risk hasn’t yet materialized: a cyberattack against a company or information services system so important to an economy, or to society as a whole, that it reaches systemic levels. One so big, perhaps, it might take down carriers. ‘I think it’s important we stress that the insurance industry has not had a catastrophic … Read more

All I Got From Santa Was a DDoS Attack 

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This report provides useful information on holiday DDOS attacks, including the specter of combined attacks that use DDOS as a diversion while launching more serious hacks. But another lump of coal comes at the very end of the article: “Companies that have cyber insurance can attempt to recoup financial losses incurred from a DDoS attack … Read more

Smart-Building Landlords Not So Smart About Cyber Insurance? 

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“There has been a huge increase in the number of insurers that specifically exclude cyber events that affect digital building systems, such as HVAC, lighting, elevator, parking, and access control, from their policies. The latest policy from Allianz Engineering for construction and power, for example, explicitly excludes coverage for loss, damage, legal liability, additional expenditure or … Read more

There Are Cyber Insurance Trends to be Thankful for this Holiday Weekend: Law360

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A key one is increasing awareness, and acceptance, by companies that they cyber insurance… “‘There really was a lot of questioning in years past of, is this a necessary product? Can we just get by on our other policies? And this past year that was answered affirmatively, you need cyberinsurance, and you might need more … Read more

Almost 1 of 10 UK SMBs that Bought Cyber Insurance This Year Cited the Russia/Ukraine War: Survey. But Will They Be Covered?

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Problem is that insurers have been trying to avoid payments for “acts of war,” leading to high-profile court cases, including one in which Zurich settled a claim involving a Russian-linked 2017 attack involving Ukraine. Ben Carey-Evans, senior insurance analyst at GlobalData, said “The resolution of the case could create a legal precedent that means insurers … Read more

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