JBS says it paid $11 million in bitcoin in ransomware attack

JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who final week quickly knocked out vegetation that course of roughly one-fifth of the nation’s meat provide, the corporate’s chief govt mentioned.

The ransom fee, in bitcoin, was made to defend JBS meat vegetation from additional disruption and to restrict the potential impression on eating places, grocery shops and farmers that depend on JBS, mentioned Andre Nogueira, chief govt of Brazilian meat firm JBS SA’s
JBSS3,
+0.96%
 U.S. division.

“It was very painful to pay the criminals, however we did the correct factor for our clients,” Nogueira mentioned Wednesday in an interview with The Wall Street Journal. He added that the fee was made after the vast majority of JBS vegetation had been up and working once more.

JBS is the world’s largest meat firm by gross sales, processing beef, poultry, and pork from Australia to South America and Europe. In the U.S., the corporate is the most important beef processor and a high provider of hen and pork. Its subsidiary Pilgrim’s Pride Corp. 
PPC,
+0.26%,
additionally hit by the attack, is the second-largest U.S. poultry processor.

An expanded version of this report appears on WSJ.com.

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