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.

Feds: Uber’s Ex-Security Chief Covered Up Hack and Deserves Criminal Punishment 

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“(F)ederal prosecutors alleged that in an attempt to cover up the security violation, (then Uber security executive Joe) Sullivan had ‘instructed his team to keep knowledge of the 2016 Breach tightly controlled’ and to treat the incident as part of the bug bounty program.” Source: Uber’s ex-security chief faces landmark trial over data breach that … Read more

Avoid These Technologies If You Want Cheaper Cyber Insurance 

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“…enterprises can control the costs by being more intelligent about risk selection regarding the products and technologies in their environment. Coalition rates are based on certain technologies, which means it’s not a flat rate increase for every renewal, according to (head of product at cyber insurance provider Coalition Payal) Chakravarty. Renewal rates are determined by … Read more

Lloyd’s Defends Exclusions for State-Backed Cyber Attacks 

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“The move to limit systemic risk in the insurance market, announced last month and applicable to standalone cyber policies from the end of March, prompted warnings it would lead to legal disputes over whether certain attacks had state support while further restricting cover vital to businesses. But Patrick Tiernan, Lloyd’s chief of markets, said the … Read more

 Cowbell Adds CSO and Director from Anthemis to Support Sizzling Growth

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“As of August 2022, Cowbell has developed the largest cyber insurance distribution network in the U.S. with more than 17,000 producers. Cowbell continues to grow its business with a 260% year-over-year growth in written premium, 272% in revenues and 438% in policyholders for the first half of 2022.” Source: Matthew Jones Joins Cowbell as Chief … Read more

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