Put on a hat and pretend you’re a bad actor. Give yourself access to the server where your most important data is stored.
Now look around. Is there anything you can do to extort money?
You could encrypt/destroy the data. (A backup solution saves you here).
You could exfiltrate the data (download or upload to a remote server). What can you do with this data if it was encrypted at rest? Not much.
What else could you do on thisnserver while you have access? This is where things get interesting. Can you force the application to decrypt the data or dump the data somehow? Unlikely, if the cert management is done properly.
The thing is, majority of organisations do not encrypt data at rest. Databases are not encrypted, hard data is not encrypted. If this was not the case, we wouldn’t be hearing about these data leaks.