JBS Paid $11 Million Ransom in Cyberattack

Meat processor JBS paid $11 million in bitcoin to ransomware extortionists to prevent further disruption by the hackers, the company said.

“At the time of payment, the vast majority of the company’s facilities were operational,” a statement said, adding that the company had made the payment “to mitigate any unforeseen issues related to the attack and ensure no data was exfiltrated.”

JBS reports that the investigation into the attack continues. The hackers appear to have not gotten away with company, customer or employee data. The White House has linked Russia to the episode.

JBS is a Brazilian-based meat supplier with operations in the U.S., Australia, Canada, Europe, Mexico, New Zealand and Britain.

The issue of Ag Innovator that publishes this month includes insights into protecting your company from a cyberattack.