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.

Worries About Implementing Lloyd’s Plan to Exclude Acts of War from Cyber Insurance 

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Concerns include clauses provided by Lloyds that define a “primary but not exclusive factor” for triggering an exclusion as a national government confirming it’s been hit by a nation/state cyberattack. “Those claims [coming from smaller enterprises] cannot wait six months for an insurer to work out whether it was a nation state attack or not, … Read more

How Many Fortune 100s Have Cyber Insurance? 

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EY reports it surveyed the SEC filings of 74 Fortune 100 companies and 51% had cyber security insurance.  That’s up from 43% in 2021. Report includes interesting statistics on cyber sec measures being taken by companies and the future of regulation by SEC and other federal entities. Source: How cyber governance and disclosures are closing … Read more

Glimpse of the Future? Could Banks Offer Cyber Insurance in the Metaverse? 

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“Some Banks and financial institutions are already leading the charge by offering crypto wallets and custodial services, access to crypto markets for trading and investment, and advisory services to Wealth Management clients. While NFTs are seen as speculative assets by many, Banks can work with regulators and position these as mainstream asset classes. Taking it … Read more

Got an Opinion on Whether the Feds Should Have a Cyber Insurance Program? Now’s Your Time to Comment 

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“Should an existing federal insurance program (e.g., NFIP or TRIP) or other U.S. or international public-private insurance mechanisms serve as a model for, or be modified to address, catastrophic cyber incidents?’ the notice asks…The (US Treasury) Department’s Federal Insurance Office—together with the Cybersecurity and Infrastructure Security Agency—is soliciting feedback in preparation for a report to … Read more

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