#10. The Rising Importance of Cyber Insurance

Episode #10: In this episode of the Business Technology Podcast, Scott and Alan discuss the critical topic of cyber insurance, particularly its rising importance for small and medium businesses (SMBs). They share real-life stories of businesses that faced denial of claims due to inadequate security measures, emphasizing the necessity of multi-factor authentication (MFA) and proper cybersecurity practices. The conversation highlights the alarming statistics regarding SMBs and cyber attacks, the complexities of insurance policies, and actionable steps for business owners to ensure they are adequately protected.

Chapters:

00:00 Introduction to Cyber Insurance
02:49 Real Stories of Cyber Insurance Denials
06:06 Understanding Cyber Insurance Basics
08:52 The Importance of Multi-Factor Authentication
12:05 Best Practices for Cyber Insurance Policies

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