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US food giant pays ransom to hackers

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JBS paid ransom to hackers.

Meatpacking giant JBS Foods paid an $11 million ransom to hackers following last month’s cyberattack.

JBS’ chief executive, Andre Nogueira said he made the payment to protect the company from any further attacks.

“This was a very difficult decision to make for our company and for me personally.”

The cyberattack forced JBS to close some plants and left experts concerned about the global food distribution network.

The FBI said Russian organisations, REvil and Sodinokibi were behind the attack. Officials said they “are working diligently to bring the threat actors to justice”.

White House spokeswoman Karine Jean-Pierre, said the US Government are working with their Russian counterparts.

“The White House is engaging directly with the Russian government on this matter and delivering the message that responsible states do not harbour ransomware criminals,” she said.

At the time of the ransom payment to the hackers, JBS’ facilities were operational. But Mr Nogueira said the company wants to mitigate other issues and ensure no data leaks.

“However, we felt this decision had to be made to prevent any potential risk for our customers.”

Investigations are still ongoing into the attack. However, the FBI described REvil and Sodinokibi as one of the most specialised and sophisticated cybercriminal groups in the world.

JBS Foods spends over $200 million on IT systems, including 850 IT professionals globally. It follows the operators of the Colonial Pipeline paying a $4.4 million ransom to hackers last month to regain control of their technical operations.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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Blockchain sparks a transformative influence in Australia

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Professor unveils blockchain’s role in transforming the economy and innovative projects taking place at RMIT University.

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, BTC Markets CEO Caroline Bowler interviews Professor Chris Berg, Director of RMIT Digital3 and Co-Founder of the Blockchain Innovation Hub at RMIT University. They discuss RMIT’s cutting-edge projects and the transformative impact of blockchain technology in Australia.

Professor Berg shares insights into RMIT’s Digital3 philosophy, which combines research, innovation, and collaboration to drive the digital economy. Learn about groundbreaking initiatives in blockchain, cyber security, and AI, and how these disruptive technologies are reshaping business, government, and society.

Discover how RMIT is leading the charge in rethinking and regenerating the way we work through world-class research and tailored education, offering a glimpse into the future of technology and its potential to benefit both the economy and society. #crypto corner

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