Home » News » World’s largest meat company JBS paid $11M in Bitcoin as ransom to REvil hacker group

World’s largest meat company JBS paid $11M in Bitcoin as ransom to REvil hacker group

  • JBS paid a ransom associated with $11 million in Bitcoin to get back on track.
  • The particular REvil hacker group offers demanded as much as $50 million from companies as notable as Apple to recover their own stolen data.


Last week, JBS S. A, the world’ s biggest meat company by sales was hit by a ransomware attack. Its system has been shut down, mounting more stress on the food supply chain that is already in danger of production restriction and transportation cost. A good executive of the company guaranteed that their plants would be operational on Wednesday because they had advanced efforts to bring back the system.

According to news initial reported by the Wall Street Journal plus confirmed by the company, JBS paid a ransom of $11 million in Bitcoin to get back on track. It was done in consultation with third-party cybersecurity experts and inner IT professionals. The idea had been to ensure that no data has been exfiated and to avoid any unforeseen issue related to the attack according to the CEO of JBS USA, Andre Nogueira.

This was a very challenging decision to make for our company and me personally. However , we all felt this decision had to be made to prevent any potential risk for our customers.

The company also disclosed that almost all its facilities were currently operational at the time of payment.

JBS is widely known for processing beef, pork, and pouy from Australia to South usa and Europe. It remains the biggest beef processor plus supplier of chicken and pork in the US. However , it would appear that it paid little focus on cybersecurity.

Some anonymous workers have stated the company entrusted a cybersecurity audit among 2017 and 2018. It was then identified that there had been weaknesses in the company’ ersus infrastructure which could be exploited by attackers. They were, consequently , advised to purchase a special checking technology to detect any potential intrusion. However , the company said it was too expensive.

The particular wave of a ransomware strike on companies

The F has linked the strike to a Russian-based cybersecurity group identified as REvil. They are really sophisticated in their approach and have demanded as far as $50 mil from companies as notable as Apple to recover their stolen data.

The occurrence involving JBS is portion of the wave of ransomware assaults on companies demanding huge amount of money in Bitcoin as payment. Last month, the Colonial Pipeline, an artery that transports gasoline to near to half of the East Coast was attacked by DarkSide, a hacker group that will started as an affiliate associated with REvil. The US Justice Division has disclosed that researchers have tracked and retrieved $2. 3 million from your $4. 3 million in Bitcoin paid as ransom.

According to Lisa Monaco, the united states deputy attorney-general, they will waste materials no effort when a ransomware attack is launched upon key infrastructure.

Ransomware attacks are always unacceptable, but when they target critical infrastructure, we will spare no effort in our response. Following the money remains one of the most basic, however powerful tools we have.

 

Der Anteil World’ s largest meats company JBS paid $11M in Bitcoin as ransom to REvil hacker team erschien zuerst auf Crypto News Flash.