Just days after a crippling cyber hack on global meat producer JBS, President Joe Biden is preparing to discuss the matter directly with Russia’s President Vladimir Putin.
Biden is reviewing the threat posed by ransomware attacks and will discuss the issue of harboring such hackers with Putin this month.
The leaders will meet in Geneva on June 16, amid sharp disagreements over election interference and human rights.
This week, the hack of Brazilian meatpacker JBS in the United States, became the third such ransomware hack in the country since January.
JBS told the White House this week it originated from a criminal organization likely based in Russia.
The FBI is now investigating.
President Biden was asked about the hack at the end of his news conference.
What threat will this incident have on food security with operations being impacted?
The cyber attack on JBS comes as the latest threat to global food supply chains.
The attack focused on the Brazilian company’s computer networks, impacting the five biggest beef plants in the US, all up handling 22 thousand 500 cattle a day.
It shut JBS’ Australian and North American computer networks and sidelined two shifts. This further halted processing at one of Canada’s largest meatpacking plants, but that beef facility has since resumed production.
Australian Operations were also down, whereas operations in Mexico and the U.K. were not affected.
Australia’s federal government took action to minimise impact on supply chain, Federal Agriculture Minister David said the technology and “systems they [JBS] use, go to the heart of the quality assurance of the beef that they process.”
“So we need to make sure that we can get that up and going to give confidence, not just to consumers here in Australia, but also to our export markets,” he said on Tuesday.
Despite the impact, the company was able to ship product from nearly all of its facilities to its customers.
Tenable’s Vice President of Operational Technology Security, Marty Edwards, says companies part of the food supply chain are ‘fairly resilient”
Concerns after cyber attack on U.S pipeline impacted gas supply
JBS has 47 facilities across Australia and operates the largest network of production facilities and feedlots in the country.
Hackers have the commodities complex in their crosshairs, with the JBS attack coming just three weeks after Darkside targeted the biggest US gasoline pipeline.
The Colonial Pipeline experienced a cyberattack that shut down its nationwide network on 7 May. As such, millions of barrels of petrol, diesel and jet fuel stopped flowing.
The hackers are from Russia’s “DarkSide”, who allegedly steal from larger corporations and give the ransom funds to charity.
It’s been a turbulent time in financial markets, to say the least.
From seeing a banking crisis sweep around the world, to a new global reserve currency start to emerge – there hasn’t been a quiet day on the market.
And there’s also a little bit of Marty McFly meets Bog Iger from Disney, as UBS appoint a former Credit Suisse CEO to help with the merger of the two banks.
AND, the possibility of a U.S. recession…
Chris Uhl from 10minutestocktrader.com joins us to discuss.
Disney has outplayed Ron DeSantis by leaning on a decades-old royal clause
In February, Florida Governor Ron DeSantis moved to take over Disney World’s governing body.
It was all in retaliation to the company’s public stance against the state’s “Don’t Say Gay” bill.
But now, new reports suggest this whole plan may have backfired.
Members of the new governor-appointed board argue the previous members stripped the board of its power before they left.
It was all part of an agreement, which was approved a day before DeSantis assumed more control of the land around Disney’s theme park.
Disney is leaning on a property law which essentially makes the company the government of the area.
New board member Ron Peri says the board has lost the majority of its ability to do anything beyond maintain the roads and basic infrastructure.
For just under six decades, Disney has operated its expansive theme park and resort in Florida under a specially designated district.
A board oversaw the area and had free reign of development processes.
Disney also had the authority to appoint district board members.
But this special status came under threat when Disney clashed with DeSantis and his “Don’t Say Gay” law.
Florida lawmakers the passed a bill in February to end Disney’s self-governing status and give the governor the authority to appoint new board members to the district.
DeSantis appointed five supervisors, including a parents’ rights activist and three Republican donors.
But the new supervisors say previous board members entered an agreement before they left their positions – effectively stripping them of any powers. #trending #featured
Let’s take a look at the history of video games and the exciting future of the gaming industry.
From classic arcade games to the latest consoles and online multiplayer experiences, gamers have been lining up for decades to get their hands on the hottest games.
But what goes on behind the scenes to create these immersive worlds? The Power of Play takes you behind the curtain to explore the hard work and dedication of game developers as they bring these virtual experiences to life.