The burglars are everywhere and cyberspace is no exception, since a group of hackers received the payment of 11 million dollars by the global meat giant, the company JBS, to stop and prevent further information leakage after a cyber attack at the end of May.
“It was a very difficult decision for our company and for me personally, however, we felt that this decision should be made to avoid any possible risk for our customers, “said Andre Nogueira, CEO of the Brazilian group’s US subsidiary, which is one of the world’s largest food companies.
Why did JBS pay hackers 500 million?
The same statement details that the bitcoin transaction it was made for “ensure no data is leaked” and “to avoid unforeseen problems related to the attack,” according to the group.
JBS, specializing in pork, beef and chicken products, had indicated to the US authorities that it was undergoing a cyber attack with ransomware coming from a “criminal organization probably based in Russia”, according to the White House.
What is ransomware?
The ransomware exploit security holes to lock down computer systems. Then their authors demand a ransom to unlock them. According to security firm Emsisoft, last year hackers collected ransoms of at least $ 18 billion.
The president of United States, Joe Biden, who is on tour in the United Kingdom and will announce the purchase of 500 million vaccines against the coronavirus to donate them to poor countries, declared that he did not rule out retaliation against Moscow after this cyberattack.