Reply to post: Destroy competition

Cyber insurance model is broken, consider banning ransomware payments, says think tank

elsergiovolador Silver badge

Destroy competition

Let's say a ransomware attack happens, company becomes paralysed. Payment of ransom is illegal.

What does company do? Pack their bags?

Is government going to scramble a team of mathematicians? The encryption techniques are more advanced today than during the WWII.

Or maybe, since the think tank seem to - as the label suggest - think, are they going to get their calculators out and try to crack the code?

I have a hunch though, that such a ban has been thought out by unscrupulous companies who would use the ransomware to destroy competition.

Why else such idiotic thing would be proposed?

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