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.

16 Billion (with a “B”) Log-in Credentials Pilfered by “Infostealers:” Cybernews

by

Info Stolen! The exposed credentials open “the doors to pretty much any online service imaginable, from Apple, Facebook, and Google, to GitHub, Telegram, and various government services,” reports news site Cybernews on the massive log-in breaches. The site identifies the likely culprits as hacking groups using “infostealers,” malware designed to steal passwords and other data … Read more

UK Cyber Insurance Market to Hit $2.87 Billion by 2030: Report

by

With total premiums of $1.53 billion this year, the UK cyber insurance market will reach almost $3 billion by 2030, according to a May 2025 Markets and Research report. CAGR of 13.4% in Market The report attributes the growth of the British cybersecurity insurance market to increasing regulations and growing awareness of cyber threats among … Read more

Cyber Insurance Premiums to Increase after Marks & Spencer Cyber Attack?

by

The Marks & Spencer hack — which might cost the retailer $400 million in profits, erased even more in market cap and could lead to cyber insurance claims of at least $133 million — is just one of three recent hacks of large British retailers. “At some point the increase in frequency and severity — … Read more

Marks & Spencer Hack Could Cost $400 million; CEO “In Shock”

by

The hack of British retailer Marks & Spencer could reduce its profits over the coming year by £300m (more than $400 million), according to its recent report of financial results for the London Stock Exchange. This impact substantially exceeds the initial $133 million cyber insurance claim the company is expected to file. Marks & Spencer … Read more

Retailer M&S to Make $133 million Cyber Insurance Claim: Media Reports

by

British retailer M&S (Marks and Spencer) is expected to make a cyber insurance claim of around £100 million (app. $133 million) following a hack that forced the company to stop taking onine orders and also exposed customer data, the Financial Times (FT) and other media sources report (paywall may apply.) Allianz & Beazley on Hook … Read more

×