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

World’s Largest Meat Processing Company Is Latest Cyberattack Victim.The attack affected JBS' servers that support its IT systems in North America and Australia.The company is not aware of any evidence at this time that any customer, supplier or employee data has been compromised or misused as a result of the situation, JBS, via news release.Resolution of the incident will take time, which may delay certain transactions with customers and suppliers, JBS, via news release.David Littleproud, Australia's minister for agriculture, drought and emergency management, .said the company is working with law enforcement in Australia and overseas "to bring those responsible to account.".The Colonial Pipeline also fell prey to a recent cyberattack, .and Nobelium, those likely responsible for the SolarWinds attacks targeted 3,000 email accounts at different organizations last week.If the Colonial Pipeline cyberattack didn't impact enough consumers to spur response by the international community, the JBS meat supplier incident likely will, Meg King, the director of the science and technology innovation program at The Wilson Center, to CNN Business.Now is the time for a global agreement to break the business model of ransomware, Meg King, the director of the science and technology innovation program at The Wilson Center, to CNN Business

The world’s largest meat processing company says it paid the equivalent of $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.”

JBS said most 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.

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The attack targeted servers supporting JBS’ 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 $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.

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.

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