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In this insightful episode of The Digital Trust Podcast, host Christian Redshaw and co-host Rossilyne Tan welcome special guest Ben Beeson, CEO and founder of Galahad Risk Solutions. Ben, a long-time expert in cybersecurity insurance, shares his unique journey from large brokerages to focusing specifically on the overlooked small and mid-sized business (SMB) market.
Discover why SMBs often underestimate their vulnerability to cyber threats and how Ben's firm, named after the "purest knight," aims to be their shield in the digital age. The conversation delves into the critical role of cyber insurance beyond just balance sheet protection, exploring its evolving services and the nuances of business interruption and dependent business interruption insurance – crucial for businesses reliant on their supply chains or third-party IT providers.
Ben offers invaluable advice for both SMBs and IT Managed Service Providers (MSPs) on managing cyber risk, stressing the importance of dedicated security services and appropriate insurance coverage. Learn why cyber insurance is not just an expense, but a vital part of a comprehensive cyber resilience strategy.
Key Discussion Points:
0:05:18 Ben Beeson's background and the origins of "Navigating the Digital Age" (2015).
0:06:20 Why Galahad Risk Solutions focuses on the SMB and middle market.
0:07:54 The story behind the name "Galahad Risk Solutions."
0:08:41 Common cyber risks overlooked by SMBs, especially in the supply chain.
0:09:44 Advice for IT MSPs and IT departments on managing cyber risk for SMBs.
0:11:34 The value of cyber insurance for SMBs, beyond just financial protection.
0:12:36 Understanding Business Interruption vs. Dependent Business Interruption insurance.
0:14:19 Specific cyber risk management advice for IT MSPs, including liability.
Tune in to gain critical insights into cyber insurance, supply chain risk, and how to better protect your small or mid-sized business from evolving online threats!
Don't forget to like, subscribe, and follow the Digital Trust Podcast on all major audio platforms, YouTube, and LinkedIn for more essential discussions on cybersecurity!
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