JBS Meats CEO says paying $11m to hackers was 'right thing for customers'

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 52%

United States Headlines News

United States Latest News,United States Headlines

The CEO said that the company paid the ransom to prevent any negative impacts on restaurants, grocery stores and farmers.

The CEO of JBS Meats, the company whose plants process nearly one-fifth of the nation's meat supply, said that paying an $11 million ransom to cybercriminals last week was"the right thing for our customers."that the company paid the ransom to prevent any negative impacts on restaurants, grocery stores and farmers.

"It was very painful to pay the criminals, but we did the right thing for our customers," Nogueira told theThe CEO said that as soon as he learned about the cyberattack, JBS began shutting down its technical systems to try and prevent hackers from reaching any other company computer systems. The company called its technology vendors as well as cybersecurity experts and consultants to advise the company and negotiate with the attackers.

Andre Nogueira, the CEO of JBS, the company that supplies one-fifth of U.S. meat products, has said that his company's $11 million payment to cyberhackers who attacked the company last week as"the right thing for our customers." In this photo, employees prepare pieces of beef at a supermarket in Sao Paulo, Brazil, of May 30, 2007.The May 30 cyberattack compelled JBS to shut down processing at its five biggest beef plants in the United States.

JBS told the White House that it suspected a"criminal organization likely based in Russia" as being responsible. The has been investigating. The U.S. Department of Agriculture has also contacted major meat processors nationwide to examine potential threats in the national food production chain.in the U.S. and Australia. The rising costs resulted, in part, from other meatpackers increasing prices in fear of a possible shortage.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Of course, if they had secured their inter/intranet connections, they would not have had to pay a ransom.

If you spread the virus to the world at the Olympics It was hard, but the Japanese will be made bad guys in the world

Paying bribes is within their protocols, so why not a ransom, amirite?

Shit, I'm in the wrong job!

No it was the wrong move. NO company should pay 'ransom'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JBS says it paid $11 million in bitcoin in ransomware attackJBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the... No backups? I'd fold the company before paying ransomware. Smh bitcoin using so much coal and causing power plants and meat processing plants to go down. Undeniable proof that Bitfinex 'printed' fake Tether out of thin air and used this fake Tether to PUMP UP Bitcoin price to ATH through washtrading. SCAMMERS!!! I'm surprised people are not running towards the exits after this news!
Source: MarketWatch - 🏆 3. / 97 Read more »

JBS paid $11 million in ransom after cyberattack, company saysMeat supplier JBS, which was the victim of a ransomware attack over Memorial Day weekend, paid $11 million in bitcoins to the hackers that penetrated their system, company says.
Source: ABC - 🏆 471. / 51 Read more »

JBS says it paid $11 million ransom after cyberattackMeat supplier JBS USA paid an $11 million ransom in response to an attack that shut down its entire US beef processing operation last week Would be a lot cheaper these 'victim' corporations need to start paying more to their employees, & hire better IT staff. you know, instead of paying useless CEO's millions! refuses 2 make a decision 2 fly brianstelter into Venezuela & see if he can .interview President Maduro. Breaking views, due to coronavirus brian is off the hook, for now. Brian won’t go That would never happen under Trump.
Source: CNN - 🏆 4. / 95 Read more »

Meat supplier JBS paid ransomware hackers $11 millionThe company was hacked in May by a Russian-speaking hacker gang, which led to meat plants across the U.S. and Australia shutting down for at least a day. Maybe you should pay more for cyber security. And take better care of the animals you're slaughtering. Karma? Maybe. Ianbins Wake up guys...Just another Narrative
Source: NBCNews - 🏆 10. / 86 Read more »

Meatpacker JBS says it paid equivalent of $11 mln in ransomware attackMeatpacker JBS USA paid a ransom equivalent to $11 million following a cyberattack that disrupted its North American and Australian operations, the company's CEO said in a statement on Wednesday.
Source: Reuters - 🏆 2. / 97 Read more »

VW to Receive Dieselgate Settlement From Former CEO, ExecutivesFormer Volkswagen CEO Martin Winterkorn and other executives will pay the company a total of $351 million to settle lawsuits for their alleged roles in a decadelong emissions fraud that continues to cast a shadow over the car maker Nice…bunch of crooks
Source: WSJ - 🏆 98. / 63 Read more »