Meat Giant JBS Pays Out $11 Million Ransom After ‘Cyber-Attack’ Shut Down Operations

The world's largest producer of beef and pork reportedly paid the ransom to prevent data theft

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JBS Pays Out $11 Million Ransom After 'Cyber-Attack' Shut Down Operations 'We felt this decision had to be made to prevent any potential risk for our customers' - Media Credit: Adobe. Do not use without permission.

Meat giant JBS has paid out an $11 million ransom following a ‘cyber-attack‘, according to reports.

The world’s largest processor of beef and pork was targeted by hackers earlier this month. 

Most of its operations are now back up and running. However, the attack wreaked havoc to IT systems in the US and Australia.

JBS cyber-attack ransom

Moreover, JBS faced disruptions including the shutting down of meatpacking facilities and abattoirs. Cattle slaughter at all US plants halted. And, fears grew that meat prices could rise if the company couldn’t resolve the issue quick enough.

The ransom was reportedly made in bitcoin to prevent any further issues such as data theft.

Andre Nogueira is JBS’s Chief Executive. According to the Guardian, he said: “This was a very difficult decision to make for our company and for me personally.

“However, we felt this decision had to be made to prevent any potential risk for our customers.”

‘Business as usual’

Following the hack, Nogueria declared ‘business as usual’. 

He thanked the White House, the US Federal Bureau of Investigation, the US Department of Agriculture, and the Australian and Canadian governments for their assistance.

Whilst a spokesperson for The White House claimed the attack was likely from Russia, President Vladamir Putin denied any knowledge, according to The Financial Times.

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