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.

SoFi Jumps Into Personal Cyber Insurance Sector 

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“Blink by Chubb offers a suite of Chubb-backed personal insurance products distributed through the company’s digital brokers and affinity partners, such as SoFi. Chubb is the world’s largest publicly traded property and casualty insurance company. Blink Cyber is a stand-alone insurance policy that addresses the needs of customers facing the increasingly growing risk of cyber-attacks. … Read more

Liberty Mutual’s Safeco Offers Personal Cyber Coverage 

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“As part of the endorsement, Safeco also provides customers with expert-level case management and guidance from a dedicated team of specialists in the event of a cyber exposure. The endorsement includes proactive, comprehensive credit and deep web monitoring for sensitive information that may be posted for sale. Safeco products are available through a network of … Read more

Why Did the White House Decide NOT to Ban Ransomware Payments? 

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“’It is so hard and so much more work needs to be done to improve the security of tech, to improve the cybersecurity of systems, that we’d essentially be pressing victims to make their payments go undercover,’ (deputy national security advisor for cyber and emerging technology Anne) Neuberger said.” Source: US government rejects ransom payment … Read more

Lawsuit Against KeyBank Harbinger of Emerging Cyber Liability Dynamics

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“If this federal court case proceeds, and gains class-action status that the litigants are seeking, it could further alter already evolving compliance and liability concerns for banks and other U.S. financial institutions that get hacked — putting more responsibility on them to be proactive and thorough in their IT security efforts. The lawsuit might also … Read more

Report from Oregon: Cyber Insurance Rates Soar for Towns & Cities 

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(TV station) KGW asked 20 of the largest cities in Oregon for a copy of their cyber insurance policies. Eighteen cities had coverage. Two did not — McMinnville and Redmond. KGW’s review found that in many cases cyber insurance costs have skyrocketed due to the surging attacks. In Portland, annual premiums jumped from $220,000 last … Read more

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