Tech »  Topic »  JBS paid $11M in bitcoin to resolve ransomware cyberattack

JBS paid $11M in bitcoin to resolve ransomware cyberattack

Several JBS USA meat processing plants were paralyzed earlier this month by a cyberattack.

One of the biggest meat producers in the US paid an $11 million ransom to cybercriminals responsible for temporarily knocking out processing plants last week, the company said Wednesday.

JBS USA made the payment to avoid further disruption to production and limit the impact on restaurants, grocery stores and farmers, said Andre Nogueira, chief executive of Brazilian meat company JBS SA's US division.

"This was a very difficult decision to make for our company and for me personally," Nogueira said in a statement. "However, we felt this decision had to be made to prevent any potential risk for our customers."

JBS's payment was made in bitcoin, according to The Wall Street Journal, which reported the payment earlier Wednesday.

Following the hack, JBS reportedly had to halt operations at its five largest beef plants in ...

Copyright of this story solely belongs to cnet . To see the full text click HERE