What should small business owners know about small business cyber insurance before a cyberattack hits? In this episode of the Cyber Insurance News and Information Podcast, Martin Hinton speaks with Kyle Jude of Veracity Insurance Solutions about phishing, social engineering, MFA, hidden breach costs, and the real-world value of cyber liability insurance.This conversation breaks down how cyberattacks often begin with ordinary emails, texts, and urgent requests. It explains why small business cybersecurity now matters to every company, not just major corporations.

Kyle also discusses layered defenses, password hygiene, backups, payment verification, policy exclusions, sublimits, and the growing role of AI in cybercrime.If you run a business, this episode is a practical primer on small business cyber insurance, small business cybersecurity, phishing, social engineering, MFA, cyber liability insurance, and the hidden costs of cyberattacks.

Topics include:

• Small business cyber insurance
• Small business cybersecurity
• Phishing and social engineering
• MFA and password security
• Cyber liability insurance
• Hidden costs of cyberattacks
• Backups and data redundancy
• Cyber risk for business owners

Find Kyle here

Veracity Insurance

Kyle's Oped – The Hidden Costs of Cyberattacks on Small Businesses

Chapters

00:00 Understanding Cybersecurity Threats for Small Businesses

11:13 The Hidden Costs of Cyber Attacks

13:59 Real-Life Examples of Cyber Breaches

20:44 The Challenge of Prevention in a Fast-Paced World

29:25 The Importance of Education and Awareness in Cybersecurity

33:47 The Importance of Regular Communication with Clients

34:41 Understanding Cyber Insurance Coverage

36:33 The Need for Diligence in Insurance Policies

38:22 Converting New Clients to Cyber Insurance

39:45 Assessing Business Losses and Insurance Value

40:49 Real-World Examples of Cyber Attacks

43:09 The Necessity of Data Redundancy

46:02 Demystifying Cyber Insurance

47:53 The Evolving Landscape of Cyber Threats

51:04 The Personal Side of Cyber Security

53:13 Creating a Family Cyber Protection Plan

56:45 Minimum Viable Defense Strategies

59:00 Common Mistakes by Small Business Owners

01:00:25 Immediate Actions for Small Business Owners

01:01:36 Future Trends in Cyber Threats

01:02:29 Final Thoughts on Cyber Protection