Price Breach Yield Not Breach Probability: A New Cyber Insurance Model

Same Probability, 940x Different Outcome

Two companies with identical breach probability:

• Company A: data FHE encrypted during processing. Attacker gets ciphertexts. Zero PII. Loss: $50K.
• Company B: plaintext exfiltrated. 2M records. Loss: $47M.

Breach yield — what the attacker actually gets — is the metric that matters.

If data is processed under FHE, breach yield drops to near zero. H33 processes sensitive data without ever decrypting it. HATS attests this cryptographically.

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