JBS Foods confirms it paid US$11M ransom in cyberattack

finTechBG03_temp2

The world’s largest meat processing company says it paid the equivalent of US$11 million (about $13.3 million CAD) to hackers who broke into its computer system late last month

  by  – 

Brazil-based JBS SA said on May 31 that it was the victim of a ransomware attack, but Wednesday was the first time the company’s U.S. division confirmed that it had paid the ransom.

“This was a very difficult decision to make for our company and for me personally,’” said Andre Nogueira, the CEO of JBS USA.

“The attack targeted servers supporting JBS’s operations in North America and Australia”

 

Posted in

Our March 2024 Issue

In our March 2024 issue, we look at the USDA’s aid to wildfire affected communities, Meat snack market projects into the billions, attracting foreign workers, funding to improve sustainability, the pickleball turkey partnership, carbon pricing food production, and much more!

 

Screen Shot 2020-08-19 at 11.51.13 PM

Leave a Comment

You must be logged in to post a comment.