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But what happens when the key is lost? What happens when a machine builder goes out of business, leaving a factory floor hostage to a password prompt?

If the machine was built by a third party, they hold the legal rights to that IP and are the only ones who can provide the key. Rockwell Support: official Rockwell Automation Support center rslogix 5000 source protection decryption tool hot

A "cracked" file might become corrupted, causing the PLC to fault when the project is downloaded. But what happens when the key is lost

Completely hides the logic, parameters, and local tags. and local tags.