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Solvency.  It means you can pay your tab.  Cyber attacks are occurring with greater frequency and effectiveness, resulting in an ever-increasing bill.  The cyberinsurance market is booming, but will policy premiums and carrier reserves keep pace with the cost of claims?

It’s a fair question.

Consider the magnitude of loss problem first.  Once upon a time, to steal from a bank, you had to ride a horse, drive a car, take an Uber – whatever – and enter the bank.  Now, automated cyber attacks can launch innumerable attempts per hour, with likely anonymity and without the constraints of physical travel or the risks that follow telling everyone to get on the ground.  I suppose you could still create a hostage scenario to shut down a casino for a while, but a distributed denial of service attack targeting an online gaming platform is easier, less risky and potentially far more damaging.  In the Dyn, WannaCry and the recent Petya (or not Petya) attacks, we saw how far-reaching a ‘single’ attack can be.  Fact: It’s easier and less risky to do more damage now than ever before.  Insureds are more vulnerable as a result.