JBS USA had $11 M ransom in cyberattack

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June 9 - Meatpacker JBS USA had the equivalent of $11 million ransom in a cyberattack that disrupted its North American and Australian operations, the CEO said on Wednesday in a statement.

The Brazilian division of JBS SA halted cattle slaughtering at all its US plants for one day last week in response to the cyberattack. This threatened to disrupt food supply chains and inflate already high food prices further.

The cyberattack followed one attack on Colonial Pipeline, the largest fuel pipeline in the United States. It disrupted fuel delivery for several days in the U.S. Southeast.

The JBS meat plants, which produced nearly a quarter of America's beef, recovered faster than some meat buyers and analysts expected.

This was a very difficult decision to make for our company and personally, said Andre Nogueira, CEO of JBS USA of the ransom payment. However, we felt this decision had to be made to avoid any potential risk for our customers.

The Brazilian meatpacking arm in the United States and Pilgrims Pride Corp., a US chicken company most owned by JBS, lost less than one day's worth of food production. JBS is the largest meat producer in the world.

Third parties have made final investigations and no forensic determinations have been made, said JBS. It said that no company, customer or employee data was compromised in the attack.

A Russia-linked hacking group is behind JBS's cyberattack, a source familiar with the matter said last week. The Russia-linked cyber gang said of the date REvil and Sodinokibi, a source added.

The Wall Street journal reported on Wednesday that the JBS Bitcoin payment was made in ransom money.

The Justice Department on Monday recovered some $2.3 million in cryptocurrencies ransom at Colonial Pipeline Co, aimed at stopping hackers that have launched the attack. With 30 years experience, what was the best way to communicate an immediate thought?

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