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Russian Hackers Strikes Again – $11 Million Lost

Russian hackers broke into the JBS’ network system late last month. JBS is one of the most prominent meat suppliers in the U.S. The company allegedly paid the equivalent of $11 million worth of Bitcoin (BTC) to cybercriminals.

Russian Hackers Again?

After most of the company’s facilities had come back online, JBS settled the ransom online, the world’s largest meat processing company said in a statement on Wednesday.

JBS USA CEO Andre Nogueira announced that,

“This was a very difficult decision to make for our company and for me personally. However, we felt this decision had to be made to prevent any potential risk for our customers.”

The business stated it chose to lessen any unexpected matters related to the cyber-attack and ensure hackers safely restore the data.

JBS announced late last month that it was the target of an organized cybersecurity attack. It was affecting some servers supporting its North American and Australian I.T. systems. The attack on Brazil’s JBS had also affected livestock slaughter at its plants in several U.S. states.

The U.S. government has blamed the ransomware attack on REvil, a criminal gang based in Russia or Eastern Europe.

JBS announced Wednesday that third-party forensic investigations are continuing, and no definitive convictions have been made. However, preliminary analysis results verified that hackers did not jeopardize company, customer, or employee data.

Russian hackers

Government Action

Earlier this week, the U.S. Justice Department stated it had seized most of the multimillion-dollar ransom payment made by Colonial Pipeline, the nation’s largest fuel pipeline operator.

Colonial allegedly paid a ransom of 75 bitcoins- then valued at $4.4 million – in early May to a Russia-based hacker group.

While we now know that a substantial portion of the Colonial Pipeline Bitcoin payment was tracked and seized by the feds, there’s no word on any similar efforts, or their outcome, in this case.

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