Cyber threats are escalating, and SMEs are finding themselves increasingly in the firing line, from phishing and ransomware to costly business email compromise. Yet a QBE survey shows fewer than 4 in 10 SMEs in Singapore carry cyber insurance, with many citing cost or doubts about relevance. The real challenge is understanding what’s at stake: the financial risks of downtime, how coverage fits alongside basic cyber hygiene, and whether insurance should be treated as core to risk management.

Sam Russell-Vick, Senior Cyber Underwriter, QBE Asia, joins the Breakfast Show to unpack the rising risks, why uptake remains low, and how SMEs can balance prevention, protection, and preparedness in 2025 and beyond.