Make sure you remove the data-cycle-pause-on-hover
attribute from the cycle-slideshow div.
Then this jQuery code should work
$('.cycle-slideshow').cycle('pause');
$('.cycle-slideshow').hover(function () {
//mouse enter - Resume the slideshow
$('.cycle-slideshow').cycle('resume');
},
function () {
//mouse leave - Pause the slideshow
$('.cycle-slideshow').cycle('pause');
});