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    JBSS3   BRJBSSACNOR8

JBS S.A.

(JBSS3)
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JBS Paid $11 Million to Resolve Ransomware Attack

06/09/2021 | 05:34pm EDT

By Jacob Bunge

JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation's meat supply, the company's chief executive said.

The ransom payment, in bitcoin, was made to shield JBS meat plants from further disruption and to limit the potential impact on restaurants, grocery stores and farmers that rely on JBS, said Andre Nogueira, chief executive of Brazilian meat company JBS SA's U.S. division.

"It was very painful to pay the criminals, but we did the right thing for our customers," Mr. Nogueira said Wednesday. He added that the payment was made after the majority of JBS plants were up and running again.

JBS is the world's largest meat company by sales, processing beef, poultry, and pork from Australia to South America and Europe. In the U.S., the company is the biggest beef processor and a top supplier of chicken and pork. Its subsidiary Pilgrim's Pride Corp., also hit by the attack, is the second-largest U.S. poultry processor.

(END) Dow Jones Newswires

06-09-21 1934ET

Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO 2.46% 27790.19 Real-time Quote.15.16%
BITCOIN - UNITED STATES DOLLAR 2.33% 33099.97 Real-time Quote.12.30%
DJ INDUSTRIAL -0.21% 33874.24 Delayed Quote.10.91%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.16% 158.1 End-of-day quote.11.62%
JBS S.A. 0.35% 28.27 End-of-day quote.19.48%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.18% 123.325 End-of-day quote.8.99%
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06/17Brazil's JBS says Pilgrim's Pride to buy Kerry Meats and Meals in UK
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06/17EXPLAINER : How four big companies control the U.S. beef industry
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06/15U.S. agriculture chief backs proposed meatpacking investigator
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06/14JBS S A  : Conference Call Transcript 1Q21
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06/11JBS S A  : McDonald's in South Korea, Taiwan hit by data breach
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06/11VIRUS TO VIRUS : pandemic to cyber threat :Mike Dolan
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06/11Ransomware Attack Roiled Meat Giant JBS, Then Spilled Over to Farmers and Res..
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06/09JBS S A  : Meat company JBS confirms it paid $11M ransom in cyberattack
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06/09JBS Paid $11 Million to Resolve Ransomware Attack -- 6th Update
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More news
Financials
Sales 2021 298 B 60 142 M 60 142 M
Net income 2021 9 496 M 1 914 M 1 914 M
Net Debt 2021 48 103 M 9 694 M 9 694 M
P/E ratio 2021 7,67x
Yield 2021 2,48%
Capitalization 70 464 M 14 169 M 14 200 M
EV / Sales 2021 0,40x
EV / Sales 2022 0,37x
Nbr of Employees 250 000
Free-Float 31,8%
Chart JBS S.A.
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Technical analysis trends JBS S.A.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Last Close Price 28,27 BRL
Average target price 38,74 BRL
Spread / Average Target 37,0%
EPS Revisions
Managers and Directors
NameTitle
Gilberto Tomazoni Chief Executive & Operating Officer
Guilherme Perboyre Cavalcanti Chief Financial Officer
Jeremiah Alphonsus O'Callaghan Chairman
Eliseo Santiago Perez Fernandez Director-Administration & Control
Cledorvino Belini Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
JBS S.A.19.48%14 065
TYSON FOODS, INC.15.16%27 071
HORMEL FOODS CORPORATION2.42%25 879
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-32.38%16 786
WH GROUP LIMITED7.23%13 273
JUEWEI FOOD CO., LTD.-4.90%6 975