CO Farm Bureau: JBS Hack Linked to Russian Group
One of the world’s largest meat processors fell victim to a ransomware attack across its North American and Australian operations on Monday. The attack has caused a shutdown in JBS USA’s systems and the company said its working with a third party to get back up and running as quickly as possible. 🖥
- The company and the White House said today the attack appeared to originate from a group in Russia. The FBI is investigating.
Why it Matters: JBS USA is the largest beef, and second-largest pork processor in the U.S. The company has curtailed its operations in Canada, Australia and in parts of the U.S. in response to the ransomware attack.
- According to the Wall Street Journal, Colorado’s JBS operations have been impacted.
What’s next: Live cattle-futures trading on the Chicago Mercantile Exchange closed down Tuesday by 1.9% to nearly $1.17 a pound. It’s not clear how quickly the company can get its operations back online. Experts anticipate that different regions may get back up and running before others, but the shutdown will create problems regardless of how long its lasts.
Thought bubble: Holcomb and COVID shutdowns are pinging around in our brains. Buckle up folks…
The Colorado Farm Bureau exists to promote, protect and enhance the future of agriculture and rural communities. Learn more online and become a CFB member today at www.coloradofarmbureau.com