ransomware News

Meat Company JBS Confirms it Paid $11M Ransom in Cyberattack

The world’s largest meat processing company says it paid the equivalent of $11 million to hackers who broke into its computer system late last month. Brazil-based JBS SA said on May 31 that it was the victim of a ransomware …

Pipeline CEO: Ransom Payment Among My ‘Toughest Decisions’

WASHINGTON (AP) — The chief executive of the massive fuel pipeline hit by ransomware last month told senators on Tuesday that authorizing a multi-million-dollar payment to hackers was the right thing to do to bring an end to fuel shortages …

JBS Rebuffed Call to Boost Cyber Spending, Ex-Employees Say

A few years before it was hit by a major cyberattack, the world’s largest meat producer, JBS SA, rebuffed efforts to spend more on cybersecurity because it wasn’t considered a priority and didn’t show an immediate return on investment, according …

Global War on Ransomware? Hurdles Hinder the US Response

RICHMOND, Va. (AP) — Foreign keyboard criminals with scant fear of repercussions have paralyzed U.S. schools and hospitals, leaked highly sensitive police files, triggered fuel shortages and, most recently, threatened global food supply chains. The escalating havoc caused by ransomware …

JBS Meat Plants Reopen as White House Blames Russia-Linked Group Over Hack

WASHINGTON/CHICAGO — JBS SA employees started returning to U.S. meat plants on Wednesday, a day after the company’s beef operations stopped following a ransomware attack, disrupting meat production in North America and Australia. A notorious Russia-linked hacking group is behind …

U.S. Says Ransomware Attack on Meatpacker JBS Likely From Russia

CHICAGO/ABOARD AIR FORCE ONE — The White House said on Tuesday that Brazil’s JBS SA has informed the U.S. government that a ransomware attack against the company that has disrupted meat production in North America and Australia originated from a …

After Colonial Attack, Energy Companies Rush to Secure Cyber Insurance

U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of …

US Pipelines Ordered to Increase Cyber Defenses After Hack

WASHINGTON (AP) — U.S. pipeline operators will be required for the first time to conduct a cybersecurity assessment under a Biden administration directive in response to the ransomware hack that disrupted gas supplies in several states this month. The Transportation …

U.S. to Boost Pipeline Cyber Protections in Wake of Colonial Hack

WASHINGTON — The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack and will announce actions in coming days, the Department of Homeland Security (DHS) said on Tuesday. The Transportation Security Administration …

CNA Financial Paid $40 Million in Ransom After March Cyberattack

CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge of the attack. The Chicago-based company paid the …