Express

World’s Largest Meat Company JBS Paid $11 Million to Resolve Ransomware Attack

Amy Liu

Summary: JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation’s meat supply,  said Andre Nogueira, chief executive of Brazilian meat company JBS SA’s U.S. division. The ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption ...

JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation’s meat supply,  said Andre Nogueira, chief executive of Brazilian meat company JBS SA’s U.S. division.

The ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption and to limit the potential impact on restaurants, grocery stores and farmers that rely on JBS, said Andre Nogueira.

“It was very painful to pay the criminals, but we did the right thing for our customers,” Mr. Nogueira said Wednesday in an interview with The Wall Street Journal. He added that the payment was made after the majority of JBS plants were up and running again.

By Amy Liu

Last Update:

Tags: ,,
Link: World’s Largest Meat Company JBS Paid $11 Million to Resolve Ransomware Attack   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 2 days ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 5 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 6 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 9 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 10 days ago
  • You need to login to comment.