JBS Paid $11 Million in Bitcoin To Ransomware Criminals

JBS USA Holdings Inc., one of many world’s largest meals processors, has paid $11 million in Bitcoin to ransomware attackers. The cost follows an assault that knocked out JBS crops that course of roughly 20% of America’s meat provide. 

“It was very painful to pay the criminals, however we did the precise factor for our prospects,” Andre Nogueria, chief govt of JBS SA’s U.S. division, informed the Wall Street Journal

He added that the cost was despatched after a number of JBS crops had been introduced again on-line. 

The ransomware assault additionally hit JBS’ subsidiary, Pilgrim’s Satisfaction Corp., the second-largest poultry processor in the US. 

The JBS Assault

Nogueria reportedly realized of the assault on Might 30. 

A message demanding a ransom was despatched to the corporate in trade for returned entry to JBS’s laptop system. Final week, the FBI attributed the assault to a ransomware group referred to as REvil, however it stays unclear how the attackers gained entry to JBS programs. 

Regardless of the assault, JBS really had a backup plan. Nogueria informed the Wall Road Journal that the corporate maintains secondary—and encrypted—backups of all its knowledge. The corporate was capable of return performance to its crops by way of this knowledge. Nonetheless, regardless of the reported good progress, JBS expertise consultants claimed there was no assure the criminals couldn’t strike once more. 

“We didn’t suppose we may take any such danger that one thing may go fallacious in our restoration course of,” Nogueria mentioned, including, “It was insurance coverage to guard our prospects.” 

Rising considerations about ransomware

In response to rising ransomware assaults, the U.S. Division of Justice has elevated ransomware hacks to a related precedence stage as terrorism

JBS just isn’t the one high-profile ransomware assault in latest reminiscence—the Colonial Pipeline assault has additionally promoted considerations about ransomware dangers. 

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