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Cyber liability insurance now sits at the heart of SME risk management. In this episode of the Cyber Insurance News & Information Podcast, executive editor Martin Hinton talks with Cowbell Co-founder and COO Trent Cooksley about how small and mid-sized businesses can prepare for today’s cyber threats. They dig into business email compromise, ransomware, incident response, and the true cost of a serious cyber incident. Cooksley explains why many SMEs still underestimate their exposure and how Cyber liability insurance supports faster recovery, expert incident handling, and stronger security controls. You’ll hear real-world insights on: Why business email compromise remains a leading cyber threat for SMEs How ransomware incidents can shut down operations and damage cash flow The role of Cyber liability insurance in funding response, forensics, and restoration How AI is changing both cyber attacks and cyber defense What brokers and business owners should know before placing SME cyber coverage 🎙 Guest: Trent Cooksley, COO and Co-Founder, Cowbell - https://cowbell.insure/team/ @cowbellcyber 🎙 Host: Martin Hinton, Executive Editor, Cyber Insurance News & Information Podcast - linkedin.com/in/martinfhinton 00:00 Meet Trent Cooksley Cowbell Co-Founder 02:09 Cowbell and SME Cyber Risk 04:44 The landscape of cyber risk SMEs face 11:03 The Cost of Cyber Threats 15:11 Speed of Recovery Factors 19:25 Cybercrime's Impact on The Economy 23:25 Global Cost of Cybercrime 31:18 Cyber Insurance Renewal. What to know 38:21 The Cyber Insurance Market 43:16 Are You A Match Factory? 45:09 How Cowbell Sees Risk 48:07 Systemic Risk 51:51 Quick Fire 3 Questions 54:36 Last Thoughts - Do it For Your Country Welcome to Cyber Insurance News & Information – Your Trusted Source for Everything Cybersecurity and Cyber Insurance! Stay informed, stay protected. Our channel is dedicated to bringing you the latest news, expert insights, and essential updates in the fast-evolving world of cybersecurity and cyber insurance. Whether you're a business owner, IT professional, insurer, or simply interested in digital risk, we break down complex topics into clear, actionable content. 🔐 What You'll Find Here: Weekly updates on cybersecurity threats and breaches Deep dives into cyber insurance policies and trends Tips on risk management and cyber compliance Interviews with industry experts Regulatory updates and legal analysis Real-world case studies and best practices Subscribe now and join a growing community that’s serious about understanding and managing cyber risks in today’s digital world. 📌 New Videos Every Week – Hit the Bell Icon to Stay Notified!