London Daily

Focus on the big picture.
Monday, Jan 05, 2026

Major Meat Producer JBS Paid Hackers $11 Million in Bitcoin After Cyberattack, CEO Reveals

Major Meat Producer JBS Paid Hackers $11 Million in Bitcoin After Cyberattack, CEO Reveals

JBS is a Brazilian company considered to be one of the world’s largest producers of both beef and poultry, establishing a foothold in the US, Australia, Canada, Mexico, New Zealand and the UK. However, within the US, operating as JBS USA Holdings Inc., the company is known as the top dog in the industry.

JBS USA Holdings Inc. recently forked over $11 million in bitcoin to cybercriminals who attacked the company’s operating systems as part of a larger effort to avoid any further disruptions to the business, the supplier has revealed.

Andre Nogueira, the chief executive officer of the company’s US division, disclosed to the Wall Street Journal on Wednesday that the hefty bitcoin payout was done after the majority of the JBS’ plants had resumed operations.

“It was very painful to pay the criminals, but we did the right thing for our customers,” the company chief said, adding that the company tech experts warned hackers could attack again despite their efforts to mitigate the effects of the cyberattack. “We didn’t think we could take this type of risk that something could go wrong in our recovery process.”

“It was insurance to protect our customers,” Nogueira underscored, referring to the decision to pay the ransom.

Although officials did immediately alert US federal authorities about the ransomware incident, Nogueira revealed they also had cybersecurity experts and fellow consultants starting to negotiate with the attackers, who were later identified as the REvil group.

Employees walk around with face masks at the JBS USA meat packing plant, which on Monday was closed after numerous employees tested positive and two have died from the coronavirus disease (COVID-19), in Greeley, Colorado, U.S., April 14, 2020


At present, the company is still unsure about how the cybercriminals managed to gain access to JBS’ systems. The CEO explained that the company was able to quickly resume operations as it maintains an encrypted, secondary backup system.

Nogueira declined to specify when the payout was issued, as well as name the cybersecurity experts it had been working alongside during the hacking event. The official did state the company is certain information regarding its customers, suppliers and employees was not compromised.

JBS first announced that it had been victim to a cyberattack on May 31, a day after the incident actually took place. It was not until June 3 that the company declared it had restored its systems and was “fully operational.”

Incidentally, the cyberattack came a few weeks after hackers targeted the Colonial Pipeline and forced a six-day shutdown to one of the US’ largest fuel suppliers. At the time, it was revealed pipeline officials paid hackers $4.4 million to the DarkSide cybercriminal group. However, the US Department of Justice announced earlier this week that it had managed to recover the “majority” of the funds.

Newsletter

Related Articles

0:00
0:00
Close
HSBC Leads 2026 Mortgage Rate Cuts as UK Lending Costs Ease
US Joint Chiefs Chairman Outlines How Operation Absolute Resolve Was Carried Out in Venezuela
Starmer Welcomes End of Maduro Era While Stressing International Law and UK Non-Involvement
Korean Beauty Turns Viral Skincare Into a Global Export Engine
UK Confirms Non-Involvement in U.S. Military Action Against Venezuela
UK Terror Watchdog Calls for Australian-Style Social Media Ban to Protect Teenagers
Iranian Protests Intensify as Another Revolutionary Guard Member Is Killed and Khamenei Blames the West
Delta Force Identified as Unit Behind U.S. Operation That Captured Venezuela’s President
Europe’s Luxury Sanctions Punish Russian Consumers While a Sanctions-Circumvention Industry Thrives
Berkshire’s Buffett-to-Abel Transition Tests Whether a One-Man Trust Model Can Survive as a System
Fraud in European Central Bank: Lagarde’s Hidden Pay Premium Exposes a Transparency Crisis at the European Central Bank
Trump Announces U.S. Large-Scale Strike on Venezuela, Declares President Maduro and Wife Captured
Tesla Loses EV Crown to China’s BYD After Annual Deliveries Decline in 2025
UK Manufacturing Growth Reaches 15-Month Peak as Output and Orders Improve in December
Beijing Threatened to Scrap UK–China Trade Talks After British Minister’s Taiwan Visit
Newly Released Files Reveal Tony Blair Pressured Officials Over Iraq Death Case Involving UK Soldiers
Top Stocks and Themes to Watch in 2026 as Markets Enter New Year with Fresh Momentum
No UK Curfew Ordered as Deepfake TikTok Falsely Attributes Decree to Prime Minister Starmer
Europe’s Largest Defence Groups Set to Return Nearly Five Billion Dollars to Shareholders in Twenty Twenty-Five
Abu Dhabi ‘Capital of Capital’: How Abu Dhabi Rose as a Sovereign Wealth Power
Diamonds Are Powering a New Quantum Revolution
Trump Threatens Strikes Against Iran if Nuclear Programme Is Restarted
Apple Escalates Legal Fight by Appealing £1.5 Billion UK Ruling Over App Store Fees
UK Debt Levels Sit Mid-Range Among Advanced Economies Despite Rising Pressures
UK Plans Royal Diplomacy with King Charles and Prince William to Reinvigorate Trade Talks with US
King Charles and Prince William Poised for Separate 2026 US Visits to Reinforce UK-US Trade and Diplomatic Ties
Apple Moves to Appeal UK Ruling Ordering £1.5 Billion in Customer Overcharge Damages
King Charles’s 2025 Christmas Message Tops UK Television Ratings on Christmas Day
The Battle Over the Internet Explodes: The United States Bars European Officials and Ignites a Diplomatic Crisis
Princesses Beatrice and Eugenie Join Royal Family at Sandringham Christmas Service
Fine Wine Investors Find Little Cheer in Third Year of Falls
UK Mortgage Rates Edge Lower as Bank of England Base Rate Cut Filters Through Lending Market
U.S. Supermarket Gives Customers Free Groceries for Christmas After Computer Glitch
Air India ‘Finds’ a Plane That Vanished 13 Years Ago
Caviar and Foie Gras? China Is Becoming a Luxury Food Powerhouse
Hong Kong Climbs to Second Globally in 2025 Tourism Rankings Behind Bangkok
From Sunniest Year on Record to Terror Plots and Sports Triumphs: The UK’s Defining Stories of 2025
Greta Thunberg Released on Bail After Arrest at London Pro-Palestinian Demonstration
Banksy Unveils New Winter Mural in London Amid Festive Season Excitement
UK Households Face Rising Financial Strain as Tax Increases Bite and Growth Loses Momentum
UK Government Approves Universal Studios Theme Park in Bedford Poised to Rival Disneyland Paris
UK Gambling Shares Slide as Traders Respond to Steep Tax Rises and Sector Uncertainty
Starmer and Trump Coordinate on Ukraine Peace Efforts in Latest Diplomatic Call
The Pilot Barricaded Himself in the Cockpit and Refused to Take Off: "We Are Not Leaving Until I Receive My Salary"
UK Fashion Label LK Bennett Pursues Accelerated Sale Amid Financial Struggles
U.S. Government Warns UK Over Free Speech in Pro-Life Campaigner Prosecution
Newly Released Files Shed Light on Jeffrey Epstein’s Extensive Links to the United Kingdom
Prince William and Prince George Volunteer Together at UK Homelessness Charity
UK Police Arrest Protesters Chanting ‘Globalise the Intifada’ as Authorities Recalibrate Free Speech Enforcement
Scambodia: The World Owes Thailand’s Military a Profound Debt of Gratitude
×