Compromise with hackers JBS, the world's largest beef merchant, paid a ransom of $11 million

On June 9, local time, the U.S. branch of the world's largest meat supplier, JBS, issued a statement saying that after the hack, it was forced to pay $11 million worth of bitcoin as a ransom.

JBS said the ransom was paid after most of the company's facilities resumed normal operations to address the problems caused by the hack and ensure that data was not leaked.

The FBI pointed out that the incident was "hand-made" by the Russian hacking group REvil.

JBS said it was currently being investigated by a third party and had not yet reached a final conclusion. But preliminary findings show that no data from companies, customers or employees has been compromised.

The hack led to the suspension of JBS's U.S. beef processing business in the U.S., to which CEO Andrea Nogueira said:

While this is a difficult decision for both the company and for me personally, we believe it is important to make this decision to prevent our clients from potential risks.

Previously, JBS had said that after the company's may 30 hack, factories across the United States had been forced to close and shut down for several days, which could threaten disruptions in the food supply chain, which in turn would lead to higher food prices.

Bloomberg said that in the United States, JBS accounts for about a quarter of all beef production capacity. After the hack, JBS recovered faster than the market and analysts expected. Since June 2, JBS has resumed production.

Wall Street News previously mentioned that hackers are now targeting the commodities industry. Just three weeks before JBS was hacked, Colonial, the largest U.S. pipeline company, was blackmailed by hackers, forcing it to shut down a key oil pipeline.

The pipeline accounts for 45 percent of the U.S. East Coast's fuel supply, delivering more than 100 million gallons of fuel per day. The closure of the Tubing has led to panic purchases in the U.S. Eastern Market, and gasoline prices have soared. In response, the U.S. government declared a state of emergency so that fuel oil can be guaranteed by road transportation.

Subsequently, Colonial paid the hackers a bitcoin ransom worth $4.4 million. But recently, the U.S. Department of Justice said it has recovered some of the ransom, specifically 63.7 bitcoins, worth about $2.3 million.

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