EP 30 - Cyber Security Insurance is not your safety net - Why you Cyber Security is your responsibility

"if you have a business email compromise and you get somebody in your email and it's unprotected, you're not just affecting your business, but you're affecting all of your clients. You're affecting all the people you partner with. You affect all these business owners down the line, and you're allowing that cyber activity to not stop with you."

Welcome to another episode of the Business and Bytes Podcast! This week, host John Hansman, co-host and IT specialist Emilio Mejia, and guest Reginald Andre dive deep into one of the most misunderstood topics in modern business: cyber security insurance. Coming to you live from Texas, the team kicks off with some banter about travel, weather, and brisket—but quickly shifts gears to address a pressing issue for all business owners.

Too often, small and mid-sized companies hope that should disaster strike, their cyber security insurance will save the day. But as John, Emilio, and Reginald unpack, insurance is not a magic safety net—and if your business isn’t meeting strict security requirements, your policy may not protect you at all. Through candid stories of clients who’ve lost out to cybercrime—and the ones who managed to dodge catastrophe thanks to solid IT practices—the trio highlights why cyber security has to be an active, ongoing responsibility.

You'll hear how business email compromises and ransomware can inflict six-figure losses overnight, all because of simple oversights like weak passwords or skipping multi-factor authentication. But it's not all doom and gloom! The guys also share uplifting wins, where proactive security measures halted attacks in their tracks.

By the end of this episode, you'll walk away with a clearer understanding of cyber insurance, why it’s only one piece of the puzzle, and actionable advice to keep your business—and your clients—safe. If you haven't reviewed your IT policies or talked to a cyber insurance expert lately, this is the wake-up call you need.

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