JBS says it paid $11 million in bitcoin in ransomware attack

JBS USA Holdings Inc. paid a $ 11 million ransom to cyber criminals who temporarily knocked out plants last week This process accounts for about a fifth of the country’s meat supply, said the company’s managing director.

The ransom payment in bitcoin was made to protect JBS’s meat factories from further disruption and to limit the potential impact on restaurants, grocery stores and farmers who rely on JBS, said Andre Nogueira, CEO of Brazilian meat company JBS SA
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US division.

“It was very painful to pay the criminals, but we did the right thing for our customers,” Nogueira said in an interview with the Wall Street Journal on Wednesday. He added that the payment came after most of the JBS plants were back up and running.

JBS is the world’s largest meat company by sales and processing of beef, poultry and pork from Australia to South America and Europe. In the United States, the company is the largest beef processor and a top supplier of chicken and pork. Its subsidiary, Pilgrim’s Pride Corp.
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The second largest US poultry processor is also affected by the attack.

An expanded version of this report appears on WSJ.com.

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