Colonial paid $5 million ransom to hackers

Quote: unJon

And by extension, the society that prohibits the ransom payment should collectively bear the cost and repay the 100x burden on the hospital or other entity that was the victim?

The hospital was a county hospital. Thus the taxpayers did collectively bear the cost.

Quote: SOOPOO

The hospital was a county hospital. Thus the taxpayers did collectively bear the cost.

That’s not quite the same thing. If it were a corporation, the shareholders would bear the cost. If it were an individual, the individual would bear the cost.

You know what I meant, I think?

I do think insurance companies should have some sort ofclause that a company has done recommended security upgrades within some reasonable time limit, or it nullifies the insurance. I would even turn that into a requirement of law, if possible for cybersecurity. Especially for public utilities, banking, or potentially industries at risk for crippling effects across the public domain.