The United States along with Canada currently have a no concessions policy on paying ransom money. Even personal attempts to fundraise in order to pay a ransom was against the law in the United States until very recently.

However, as this podcast mentions, recent studies on the effectiveness of a no concessions policy show that outcomes may be worse when compared to countries that are willing to secretly pay ransom money.

Listen below to hear Planet Money’s take on the ransom problem.

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Alan Percal
Alan is the Co-Founder and CEO of PERC360.com, PERC360 Media. He is an accredited Associate of the Society of Actuaries (ASA) and enjoys playing poker and golf in his free time.