Americans to recieve $3,500 each after doughnut chain settles lawsuit

Refusing to pay hackers is a moral win that leads to financial ruin. Coinbase turned down a $20M extortion demand, only to face a cleanup bill between $180M and $400M. While they refuse to fund crime, they are now paying up to 20 times the ransom amount in reimbursements and rewards. With the average U.S. breach hitting a record $10.22M, can companies actually afford the "ethical" route when it costs hundreds of millions more? Is it better to pay the ransom or the $400M cleanup?
This summary was generated by AI