Should You Pay Ransomware Attackers? A Game Theory Approach

Explore the debate on paying ransomware attackers in the cybersecurity industry, with a case study on the FBI's payment after the Colonial Pipeline attack. Apply game theory to analyze the dynamics between hackers and defenders. Learn about the business model of ransomware attackers and the risks of paying them. Discover the challenges insurance companies face in providing coverage for ransomware attacks. Discuss the debate on banning ransom payments and the importance of international cooperation in improving cybersecurity.