Security News > 2021 > June > Meat Company JBS Confirms it Paid $11M Ransom in Cyberattack
The world's largest meat processing company says it paid the equivalent of $11 million to hackers who broken into its computer system late last month.
Brazil-based JBS SA said on May 31 that it was the victim of a ransomware attack, but Wednesday was the first time the company's U.S. division confirmed that it had paid the ransom.
JBS said the vast majority of its facilities were operational at the time it made the payment, but it decided to pay in order to avoid any unforeseen issues and ensure no data was exfiltrated.
Colonial paid a ransom of 75 bitcoin-then valued at $4.4 million-in early May to a Russia-based hacker group.
It wasn't immediately clear if JBS also paid its ransom in bitcoin.
The company said forensic investigations are still ongoing, but it doesn't believe any company, customer or employee data was compromised.