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.

Hack of L.A. Schools Highlights Complexity and Costs of Attacks on School Systems

by

The L.A. school system reportedly has cyber insurance, but how much it will cover is unclear. The system had failed to address security deficiencies identified in 2020. The range of costs for attacked school districts is illustrated by fall out from Baltimore’s school cyberattack. “A 2020 attack on the Baltimore schools has resulted in more … Read more

Lloyd’s Declares “All Clear” After Report of  Possible Hack 

by

“’The investigation has concluded that no evidence of any compromise was found and as such Lloyd’s has been advised that its network services can now be restored,’ a Lloyd’s spokesperson said in an emailed statement to Cybersecurity Dive.” Lloyd’s had blocked external connections to its network, which was also taken offline after the organization detected … Read more

Some Shrewd Underwriting in a Complicated Market

by

Resilience CEO Mario Vitale recounts how his company found a vulnerability in the system of a client…and the client was still procrastinating about fixing the problem when the policy’s renewal date arrived. Techmonitor reports what happened next: “At first, Resilience refused to offer the company coverage – until their broker suggested a compromise. If you … Read more

Elpha Secure Raises $20 Million Series A 

by

Fintech VC Canapi Ventures led the round in Elpha, which claims to be the first cyber insurance startup “to combine proprietary cybersecurity software with coverage to improve risk transfer.” Fused cybersecurity/insurance platforms continue to appear, but Elpha is apparently differentiated enough for its well-known pre-A investors to join the round. According to the company, they’re: … Read more

Got an Opinion on Whether the Feds Should Take a Major Role in Cyber Insurance? You’ve Still Got Time to Weigh In with the Government

by

From the Dept. of Treasury — SUMMARY: Over the past several years, the Federal Insurance Office (FIO) in the U.S. Department of the Treasury (Treasury) has continued its ongoing efforts with regard to both cyber insurance and insurer cybersecurity. Cyber insurance is a significant risk transfer mechanism, and the insurance industry has an important role … Read more

×