Cyber Coverage Slashed by Major Insurers;  Ransomware Compared to Celebrated High-Margin Crime of ’90s

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“Meanwhile, cyber security firm Coveware likened the 90%-plus profit margin from ransomware attacks in 2021 to the gains Colombian cocaine cartels made in 1992.”

Source: Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount

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.

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