Hats off to a man of principle!
Thank you.
But it's not just principle, it's also practicality.
They clearly already had whatever they got, and since it's data, there's no way for them to give it back, or to even to prove that it has been destroyed. So let's say I had paid them $500 worth of BTC last night (which would have been difficult in any case because I do not own any crypto, nor do I have an account with anyplace that would let me buy and transmit it). What would prevent them from coming back tonight and demanding $1000? Or tomorrow and demanding $5000?
Then there is the question of ethics. The only thing they really had to hold over my head was the idea that I could keep you folks, my customers from finding out that there had been a data breach, and thus I wouldn't be embarrassed, or have my reputation damaged. Would it have been ethical of me to try to keep the breach a secret? I don't think so! I mean does anyone think
they wouldn't add whatever they got to the databases of such stuff that surely exist in the dark corners of the internet, even if I did pay them?
Nope, the only sensible way to handle this was for me to be honest with you guys immediately, and by doing that
they have absolutely nothing to hold over my head, or any of yours either.