CYBER SECURITY

The CEO of JBS said the company paid a ransom of $11 million

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CEO Andre Nogueira said in a statement that the decision to pay the attacker was a difficult one.

Its leadership confirmed that the meat producer JBS USA, which was recently attacked by ransomware, paid the attacker a ransom equivalent to 11 million U.S. dollars.

JBS USA CEO Andre Nogueira (Andre Nogueira) said in a statement that the payment decision was made after consulting in-house IT professionals and third-party cyber security experts. The company decided to “mitigate any unforeseen issues related to the attack and ensure that no data is leaked.” At the time of payment, most of the company’s facilities are in operation.

“For our company and for me personally, this is a very difficult decision,” Nogueira said. “However, we believe that this decision must be made to prevent our customers from facing any potential risks.”

JBS USA also pointed out that it can quickly mitigate the impact of attacks due to its “network security protocol, redundant system, and encrypted backup server.” The statement stated that JBS spends more than US$200 million on IT every year and employs more than 850 IT professionals.

The full statement of JBS can be found here.

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