I've worked a lot of #ransomware incidents and I've found that most companies don't realize what the true cost of a ransomware incident is.
But isn't it just paying the ransom or restoring and you're done? Nope. Here are the (potential) costs (based on my experience): (1/X)
Cost 1. Insurance
Wait, won't insurance help me recover money? Yep. But there's a little thing called a deductible. So, while this isn't a direct cost, it's still gonna cost you money. (2/X)
Cost 2. Incident Response
The ransomware didn't just appear in your network. You need to figure out root cause, what the attackers did in your network, and what (if any) data was taken. If you don't have IR figure all this out, it will happen again. (3/X)