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What you described is a zero day, which is very rarely used - most ransomware simply uses the absolutely low hanging fruit of companies lagging behind years in security updates combined with highly insufficient backups.
In the same way companies do not have sufficient HA for their critical systems or processes. HA means being actively resistant to events impacting availability by having (typically automated) redundancy to remove SPoFs. It doesn’t mean HA owing to luck the server hasn’t died in 10 years owing to lack of/poor maintenance. But both with HA and backups companies can dodge bullets (until a real emergency) and maybe never even have a major incident.
Ransomware kind of exploits this lack of organisation level sufficient backing up of all critical information assets.
It really is as you say, low hanging fruit.
Personally I find this just puzzling, in my home folder I loose files at least once a year and I also lost whole partitions. So having no backup at all is no option for me at home. I cannot understand how no or unmaintained backups can be an option at companies.
Encryption introduces it's own SPOF's. If you'very never had a power failure in the middle of a key rotation, you've never been bitten back by your attempt at securing everything with cryptography. Or worse, corrupted by sketchy hardware.
Defense in depth, and proper threat modeling is key. There is also the very real question of "Do you really need that Internet connected anyway?"