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JBS paid $11 million to resolve ransomware attack

The Brazilian company, which runs this Greeley, Colo. plant, is the world’s largest meat company by sales

By Jacob Bunge

FOXBusiness

How vulnerable are American businesses to ransomware attacks?

JBS is poised to reopen most U.S. meat plants after a cyberattack. Cybersecurity expert Leeza Garber discusses the ‘new warfront’ of terrorism.

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.

Click the link below to read the rest of this story.

https://www.foxbusiness.com/technology/jbs-paid-11-million-to-resolve-ransomware-attack

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