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.

Cyber Insurers Not Exiting Market, Despite Challenges: Survey

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“’Despite the considerable pressures, our research shows it’s not enough to make insurers exit the market,’ the report said, finding that even if the current rate of cyber attacks remains the same, 84% of respondents said they’d continue to offer cyber insurance over the next three years.” Source: Despite Growing Pressures, Most Cyber Insurers Won’t … Read more

Most School Districts Lack Even a Single Dedicated Cyber Security Employee and Colleges Are Losing Theirs to Outside Recruitment: Report 

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“Limited funds leaves (sic) K-12 districts struggling to make some cybersecurity investments or pay competitive cybersecurity salaries, (Amy) McLaughlin said. CoSN’s (K-12 professional association) most recent survey found a quarter of district respondents had a dedicated cybersecurity employee. Others might add cybersecurity to a staff members’ other duties or get part-time help from a virtual … Read more

Hacker Group Cites Target’s Cyber Insurance Limits in Ransom Demand 

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“The Hive group claims to have breached the system and then obtained details of its cyber insurance policy to use in negotiations. ‘We are very well informed and precise in our operations, so we know that Wootton have cyber insurance that reaches £500k,’ the group wrote in the message to students and parents.” Source: Ransomware … Read more

New Report Shows Growth of Cyber Claims: Allianz 

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“While not appearing in the top 10 causes of loss, the number of cyber claims has significantly increased over the past few years, driven by the rise of threats such as ransomware attacks, but also reflecting the growth of cyber insurance. AGCS (Allianz Global Corporate & Specialty) has been involved in more than 1,000 cyber … Read more

Feds Have Failed to Take Basic Step in Analyzing USG Role in Catastrophic Cyber Events: GAO 

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“Federal entities—such as the Federal Insurance Office (within Treasury) and the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA)—have taken steps to understand the financial implications of growing cybersecurity risks. But, we found they haven’t assessed what the federal role should be in the event of a catastrophic cyber incident. Completing such an … Read more

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