Meat company JBS confirms it paid $11M ransom in cyberattack

The world’s largest meat processing company says it paid the equivalent of $11 million to hackers who broken into its computer system late last month

The world’s largest meat processing company says it paid the equivalent of $11 million to hackers who broken into its computer system late last month. 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. “However, we felt this decision had to be made to prevent any potential risk for our customers.” JBS said the vast majority of its facilities were operational at the time it made the payment, but it decided to pay in order to avoid any unforeseen issues and ensure no data was exfiltrated.