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World’s biggest meat processor JBS pays $11 million into ransomware gang

What just happened? Organizations are usually advised not to pay anything after being hit by ransomware attacks, but there are occasions when such action is the best, or only, option. That seems to have been the case for JBS, the world’s biggest meat processor, which has paid $11 million after a cyberattack shut down its…

What just happened? Organizations are often advised not to cover anything after being hit by ransomware attacks, but there are times when such action is your best, or only, choice. Which appears to have been the case for JBS, the world’s biggest meat processor, which has paid $11 million after a cyberattack shut down its operations.

The incident took place last week, shutting down abattoirs in the US, Canada, and Australia. The company, which provides more than a fifth of all beef in the US, said making the massive Bitcoin payment was required to safeguard customers.

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

JBS added that the elegance of this assault also factored into its decision to make the payment, even although the”vast majority” of its plants remained operational.

The company was forced to halt all cattle slaughtering at its US plants for a day last week, a move that threatened to disrupt food supplies and raise prices in a industry already experiencing the pandemic’s effect.

The Brazil-based company said that”preliminary investigation results confirm that no company, customer or employee data was compromised” in the attack.

The White House has said that a criminal organization behind the episode is”likely based in Russia.” The FBI described the team as”one of the most specialized and sophisticated” in the world.

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