In this thought-provoking episode, host Jeff Edwards is joined by Gordon Malin, co-founder and CEO of Alpha Secure, to unpack the critical role of cyber insurance in today’s digital-first world. As cyber threats continue to rise, small and medium-sized businesses (SMBs) are increasingly vulnerable—yet less than 10% have standalone cyber insurance policies. Why is that, and what can be done to close the gap?Gordon shares his journey into the insurance industry, the pivotal moments that shaped his focus on cyber risk, and how events like Hurricane Katrina reshaped the way we think about systemic risks. Together, Jeff and Gordon explore the evolution of cyber insurance from a niche product to a business necessity, the challenges of underwriting cyber risk, and the growing importance of integrating cybersecurity measures into insurance products—a concept known as InsurSec.Key highlights from this episode include:✅ Why cyber insurance is essential for SMBs in an era of escalating cyber threats.✅ The alarming low penetration rates of cyber insurance among small businesses.✅ How cyber hygiene (like multi-factor authentication and regular backups) is becoming a prerequisite for coverage.✅ The looming supply-demand imbalance in the cyber insurance market and its potential impact on premiums and coverage.✅ The role of technology and InsurSec in reducing risks and creating a more sustainable insurance ecosystem.Gordon also sheds light on the misconceptions SMBs have about cyber risk, the difference between attritional and systemic losses, and how innovations in insurtech are helping businesses stay ahead of the curve.Whether you’re a small business owner, IT professional, or simply curious about the future of cyber insurance, this episode is packed with actionable insights and expert advice. Tune in to learn how to protect your business, navigate the complexities of cyber insurance, and understand why InsurSec is the way forward.Subscribe to The Safehouse Initiative for more expert discussions on cybersecurity, insurance, and how SMBs can thrive in an increasingly digital world.Listen now on YouTube, Spotify, Apple Podcasts, and all major streaming platforms!#InsurSec #CyberInsurance #Cybersecurity #SMB #RiskManagement #SmallBusiness #CyberHygiene #AlphaSecure #Podcast