I'm not against government regulations when it is a good fit, either, but as long as it's cheaper to pay the ransom, the companies have incentives not to do any

I'm not against government regulations when it is a good fit, either, but as long as it's cheaper to pay the ransom, the companies have incentives not to do anything about the threats. Industrial civilization has been dealing with these kinds of tradeoffs for what, a couple hundred years now? Regulations seem to be the best option out there.