JBS paid $11 million in ransom after cyberattack, company says

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Meat supplier JBS, which was the victim of a ransomware attack over Memorial Day weekend, paid $11 million in bitcoins to the hackers that penetrated their system, company says.

JBS said it was in constant contact with federal officials, and while investigations are ongoing,"preliminary investigation results confirm that no company, customer or employee data was compromised."JBS is not the first company to recently pay ransom to cyber criminals based in Russia.The JBS meat placing plant stands in Plainwell, Mich. June 2, 2021.and admitted to paying $4.4 million in bitcoin to hackers from the group DarkSide.

"We needed to do everything in our power to restart the system quickly and safely," the company said in a statement at the time."The decision was made to pay the ransom. This decision was not made lightly, however, one that had to be made."

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