JBS Foods, the world’s largest meat producer, ultimately paid $11 million in ransom.
JBS Foods, the world’s largest meat supplier and a recent ransomware victim, revealed on June 9 that it paid $11 million to hackers. The chief executive of the company’s United States division, Andre Nogueira, said it was a deal to prevent future attacks.
Nogueira told the Wall Street Journal that making the payment was a “very painful” but necessary decision — even though the company was able to restore most of its systems from its own backups. The payments were made in bitcoin, as is typically the case in these attacks. The revelation comes after the CEO of Colonial Pipeline, which was attacked weeks earlier, admitted to paying roughly $4.5 million in ransom and as a spate of … Read the restRead more