Identity Theft Insurance & Cyber Insurance: What You Need to Know to Stay Safe

In this episode of PennyWise, host John Kiernan discusses the value of identity theft insurance and cyber insurance with guest Dr. Daniel W. Woods, a Lecturer in Cybersecurity at the University of Edinburgh’s School of Informatics. Daniel studies the U.S. identity/cyber insurance markets closely and has published some very interesting research about these types of coverage. John and Daniel discuss how effective the insurance is, who needs it, and more.  

More on this episode from WalletHub:

• Identity Theft Insurance: $1 Million in Coverage 
• Best Identity Theft Protection Services of 2026
• Lost Wallet Assistance: Avoid Hassle & Identity Theft 
• Identity Theft Statistics (2026) 
• States Most Vulnerable to Identity Theft & Fraud 

If you want to take your finances to the next level, sign up for a WalletHub Premium subscription. You can get personalized credit-improvement help, budgeting tools, identity protection and more. And if you want to find the best financial products, always add “WalletHub” to your search!  

PennyWise is a show about money, personal finance, investing and travel. The program features a variety of financial experts who can help save you money.