absolutely not a nightmare but necessary in places that are serious about their shit. paying off ransomware isn’t an issue at all, if my bank got hacked I would pull money out pretty much the next
morning and same would be true for hoardes of others even though our money is fdic insured.
Why would have more than the maximum FDIC ensured amount (200k) sitting in one bank?
FYI each of the top 10 banks in the US have been hacked before, and they’re still doing ok.
Hacking bank and stealing money from there is not so easy as stealing 32 characters private crypto key. Even if you steal some data from bank, using is is another challenge.
With crypto key you just use an open source client on your machine to move the crypto.