JBS USA paid a sum of $11mn after its system was hacked and its operations in North America and Australia were affected. Last week, post cyberattack, cattle slaughtering at all of its plants in the US were stopped for a day, which threatened to increase the prices. Investigations are being carried out and till now no company, employee, or customer data has been leaked. Russian groups REvil and Sodinokibi have been identified as the attacker.
The White House said it was informed by Brazil’s JBS SA that the disruption in meat production in North America and Australia was likely caused by a ransomware attack by an organization from Russia. On Tuesday, JSB said it had made quite some progress in resolving the cyberattack while the White House has directly addressed the issue to the Russian govt. The cyberattack caused prices to jump by $1 and reduced the rate of slaughtering by 18% compared to 2020.