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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, the company’s chief executive said.
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, chief executive of Brazilian meat company JBS SA’s U.S. division.
The article goes on to state the following:
JBS is the world’s largest meat company by sales, processing beef, poultry, and pork from Australia to South America and Europe. In the U.S., the company is the biggest beef processor and a top supplier of chicken and pork. Its subsidiary Pilgrim’s Pride Corp. PPC 0.26% , also hit by the attack, is the second-largest U.S. poultry processor, after Tyson Foods Inc.
JBS Foods announced details of the massive ransom paid in a press release on Wednesday. The company wrote:
JBS USA today confirmed it paid the equivalent of $11 million in ransom in response to the criminal hack against its operations. At the time of payment, the vast majority of the company’s facilities were operational. In consultation with internal IT professionals and third-party cybersecurity experts, the company made the decision to mitigate any unforeseen issues related to the attack and ensure no data was exfiltrated.
The FBI stated this is one of the most specialized and sophisticated cybercriminal groups in the world. JBS USA’s ability to quickly resolve the issues resulting from the attack was due to its cybersecurity protocols, redundant systems and encrypted backup servers. The company spends more than $200 million annually on IT and employs more than 850 IT professionals globally.
“This was a very difficult decision to make for our company and for me personally,” said Andre Nogueira, CEO, JBS USA. “However, we felt this decision had to be made to prevent any potential risk for our customers.”
NEW: The world’s largest meat processing company, JBS, has paid $11 million in ransom after it was hacked by Russia-linked criminals, the company said in a statement. https://t.co/ORusBYJU7H
— Nicole Sganga (@NicoleSganga) June 10, 2021
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, the company’s chief executive said. https://t.co/1gg75fMRAG
— Paul Vieira (@paulvieira) June 9, 2021
To get more information about this article, please visit WSJ.com.
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