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JBS USA, subsidiary of Brazilian firm JBS SA, confirmed in a statement on Wednesday the company paid the equivalent of $11 million in ransom in response to a criminal hack against its operations.
JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation's meat supply, the company's chief executiv
After the recent attack, it's clear that cybersecurity attacks are a massive problem. But there's are also investment opportunities.
The Brazil-based company shut down many of its U.S. facilities earlier this week due to a ransomware attack the FBI linked to a Russian-speaking criminal gang.
Meatpacker JBS said late Thursday its global facilities are "fully operational" and that last weekend's cyberattack has been resolved.
JBS SA, the world's largest meatpacker, said on Thursday all of its global facilities were fully operational after a "criminal cyberattack" on May 30 suspended much of its operations in the United Sta
JBSmeatplant Yahoo Finance's Dan Howley reports the latest on the JBS cyberattack. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k

JBS resumes most production after cyberattack

06:27am, Thursday, 03'rd Jun 2021
The FBI attributed the attack on Brazil-based meat processor JBS SA to REvil, a Russian-speaking gang that has made some of the largest ransomware demands on record in recent months.
Jun.02 -- JBS SA is said to resume production in all facilities on Thursday. Other factories in North America and Australia are also in the process of coming back online after the cyberattack.
CNBC's Eamon Javers joins ‘The News with Shepard Smith' to discuss the JBS hack, perpetrated by REvil, a Russian-speaking ransomware gang. Javers spoke to Kevin Mandia, FireEye CEO, to hear his thou
Meat processing plants operated by JBS, which handles a fifth of the cattle and hog slaughter in the U.S., were coming back online on Wednesday but were not all at full capacity, union officials said.
The same hacking collective tried to extort Apple last month.
The FBI identified ransomware group REvil on Wednesday as the entity responsible for the cyberattack that forced key US meat producer JBS to shut down all of its beef plants.
Jamil Jaffer, Senior VP at IronNet Cybersecurity, joins Yahoo Finance's Alexis Christoforous to discuss the cyberattack on the world's largest meat supplier and the governments' role in defending comp
The ransomware attack on the world's largest meat packer has serious implications because of the Brazilian giant's control of the market.
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