Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

US food giant pays ransom to hackers

Published

on

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

The mounting pressure on Government spends

Published

on

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

Continue Reading

Money

Will Australia’s foreign investment rule create an economic boost?

Published

on

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Continue Reading

Money

Research key to investment success

Published

on

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Continue Reading

Trending Now