Meat company JBS confirms it paid $11 mn ransom in cyberattack


The world’s largest meat processing company says it paid the equivalent of USD 11 million to hackers who broke into its computer system late last month. Brazil-based JBS SA said on May 31 that it was the victim of a ransomware attack, but Wednesday was the first time the company’s U.S. division confirmed that it had paid the ransom.

“This was a very difficult decision to make for our company and for me personally,” said Andre Nogueira, the CEO of JBS USA. “However, we felt this decision had to be made to prevent any potential risk for our customers.”

See also  French left and right seek to unite against Le Pen in Provence

JBS said the vast majority of its facilities were operational at the time it made the payment, but it decided to pay in order to avoid any unforeseen issues and ensure no data was exfiltrated. The FBI has attributed the attack to REvil, a Russian-speaking gang that has made some of the largest ransomware demands on record in recent months.

The FBI said it will work to bring the group to justice and it urged anyone who is the victim of a cyberattack to contact the bureau immediately. The attack targeted servers supporting JBS’s operations in North America and Australia. Production was disrupted for several days.

Earlier this week, the Justice Department announced it had recovered most of a multimillion-dollar ransom payment made by Colonial Pipeline, the operator of the nation’s largest fuel pipeline.

Colonial paid a ransom of 75 bitcoin then valued at USD 4.4 million in early May to a Russia-based hacker group. The operation to seize cryptocurrency reflected a rare victory in the fight against ransomware as U.S. officials scramble to confront a rapidly accelerating threat targeting critical industries around the world.

See also  ‘Iranian hackers’ impersonated academics at London university

It wasn’t immediately clear if JBS also paid its ransom in bitcoin. JBS said it spends more than $200 million annually on IT and employs more than 850 IT professionals globally. The company said forensic investigations are still ongoing, but it doesn’t believe any company, customer or employee data was compromised.



Source link

Latest

11 Step Guide to Preparing for Nursery School

Children grow up in a blink of an eye. You wouldn’t even realize, and your crawling baby will be ready to attend school. Every...

Good Company Interview with Alexei Dulub, PixelPlex’s Founder

Alexei Dulub, CEO & Founder of PixelPlex — consulting & custom software development company, reflects on the pivotal role of value-driven teams, prospects...

Enter Into A World Of Cockfighting Games With Wpc2026

KNOW ABOUT WPC2026It is an electronic interface based on the web where updates on cockfighting matches are uploaded regularly. This web-based platform allows you...

COVID-19 situation stabilising with positivity rate, daily cases, active cases reducing: Government

The COVID-19 positivity rate has declined from 24.83 per cent on May 10 to 12.45 per cent on May 22, the Union health...

Germany backs carbon pricing in EU climate policy overhaul – document

Article content BRUSSELS — The German government is backing an extension of European Union carbon pricing and an end to free carbon permits...