JBS paid $11M in Bitcoin to resolve ransomware attack

Several JBS USA meat processors were paralyzed by a cyber attack earlier this month.

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One of the largest meat producers in the US paid $ 11 million to cyber criminals for a Ransomware attack that temporarily disabled processing facilities Last week, the company announced on Wednesday.

JBS USA made the payment to avoid further interruptions in production and limit the impact on restaurants, grocery stores and farmers, said Andre Nogueira, CEO of the US division of the Brazilian meat company JBS.

“This was a very difficult decision for our company and for me personally,” said Nogueira in a statement. “However, we felt that this decision had to be made in order to avoid potential risks to our customers.”

The payment from JBS was made in Bitcoin, according to Bitcoin The Wall Street Journalwho reported the payment early Wednesday.

After the hack, JBS reportedly had to cease operations in its place five largest beef plants in the US, as well as in a few other facilities, raising concerns about possible meat shortages. The five plants together reportedly process 22,500 cattle per day. Some plants in Australia were also reportedly affected.

The attack came just a few weeks later Hackers have targeted the Colonial Pipeline, one of the largest gas pipelines in the US, with a ransomware hack. The attack highlighted the vulnerability of the country’s critical infrastructure that the Target of an increasing number of cyber attacks.

JBS told US officials that its servers in the US and Australia were the victim of a ransomware attack, likely launched by a Russia-based criminal group, White House deputy press secretary Karine Jean-Pierre said earlier on Month.

“Preliminary findings confirm that no company, customer or employee data has been compromised,” JBS said in a statement on Wednesday.

The FBI is investigating the incident and the White House is up Cooperation with the Russian government to this topic. Biden is expected to raise the issue with Russian President Vladimir Putin during their June 16 summit.

“Ransomware attacks on critical infrastructure are even more important to us, whether it’s a pipeline or meat supply or a hospital system or other areas of critical infrastructure,” White House spokeswoman Jen Psaki told reporters on Wednesday. “The President will speak to President Putin about our concerns on this front.”

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