Years ago I attended a conference that had a "fireside chat" with a DoJ official on the topic of these types of ransom payments. He framed the issue as being similar to kidnapping ransoms: When an American is taken hostage each family is inclined to make payment but it fosters an industry around kidnapping Americans. Congress put a stop to it by making it illegal to pay the kidnappers. The industry shifted by ceasing…
This is the way to go. Instead of paying ransom, and creating a ransomware criminal industry out of thin air, its better to force companies to recover and restore from backups and remove monetary incentive for crime. and the executives who failed to carry regular backups obviously should face the music
Offer a reward equal to the ransom amount, to anyone who turns the kidnappers/criminals in to the authorities.