JBS, the world's largest meat supplier, announced on Wednesday that after consulting with its tech team and outside cybersecurity experts, it paid an $11 million ransom to hackers to ensure that none of the company's data was stolen.
"It was very painful to pay the criminals, but we did the right thing for our customers," JBS USA CEO Andre Nogueira told The Wall Street Journal. Nogueira learned that JBS was the target of a cyberattack on May 30, when hackers demanded the company pay a ransom in order to reclaim access to its computer system. JBS temporarily suspended operations at nine of its beef processing plants in the United States, in order to slow down the attack.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
5 fact-checked cartoons about Meta firing its fact checkersCartoons Artists take on playing chicken, information superhighway, and more
-
NCHIs: the controversy over non-crime hate incidentsThe Explainer Is the policing of non-crime hate incidents an Orwellian outrage or an essential tool of modern law enforcement?
-
Islamic State: the terror group's second actTalking Point Isis has carried out almost 700 attacks in Syria over the past year, according to one estimate
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
