See also Matt Levine's take on ransoms (scroll down): https://www.bloomberg.com/opinion/articles/2019-08-27/the-libor-change-is-coming https://www.bloomberg.co

See also Matt Levine's take on ransoms (scroll down): https://www.bloomberg.com/opinion/articles/2019-08-27/the-libor-change-is-coming https://www.bloomberg.com/opinion/articles/2019-08-27/the-li... And the linked article: https://www.propublica.org/article/the-extortion-economy-how-insurance-companies-are-fueling-a-rise-in-ransomware-attacks https://www.propublica.org/article/the-extortion-economy-how... Tl;dr: perverse incentives, paying some ransoms is in the interest of cyber crime insurers, as it expands the cyber crime insurance market. Also there's more ransomware crime now that the word is out that insurers do pay out ransoms.