New cyber risk products that take an empirical, quantitative approach can provide a direct and predictable correlation to long-term outcomes. New cyber risk products that take an empirical, quantitative approach can provide a direct and predictable correlation to long-term outcomes. (Shutterstock)

Breach insurance premiums are on the rise and expected to grow tenfold over the next decade from $2 billion to $20 billion. The number of underwriters also is growing.

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