JBS Paid $11 Million to Resolve Ransomware Attack
June 09 2021 - 7:48PM
Dow Jones News
By Jacob Bunge
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.
"It was very painful to pay the criminals, but we did the right
thing for our customers," Mr. Nogueira said Wednesday. He added
that the payment was made after the majority of JBS plants were up
and running again.
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.,
also hit by the attack, is the second-largest U.S. poultry
processor.
(END) Dow Jones Newswires
June 09, 2021 19:34 ET (23:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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