Meat Supplier JBS Confirms Payment of $11 Million Ransom To Hackers

The company's CEO defended its decision, saying it was necessary to prevent any risks to customers.

The world's largest beef supplier says it paid hackers an $11 million ransom. JBS says it paid the ransom to keep its files safe. The hack forced the meat supplier to pause production at plants in the U.S. and Australia. The company said most of its facilities were up and running at the time of payment.