Reply to post: Re: Destroy competition

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

Richard 12 Silver badge

Re: Destroy competition

If they "need" to pay a ransom then that company is dead anyway.

Even even if the decryption actually happens, their systems are compromised and so will immediately suffer further attacks.

They're now marked as an extremely high risk so can't get insurance, and the criminals know they're a company who will pay out so will spear-phish them as they're worth direct attacks.

Better that company simply fails without funding the next attack.

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