PC Matic CEO Cheng: Cyberattacks, JBS-style ransomware threats will continue until US takes these 3 steps

In fact, in just the last 24 hours, we’ve learned that JBS Foods paid a ransom of nearly $11 million. This payment, according to its U.S. Division Chief Executive Officer, was necessary to prevent further plant disruptions and to limit the potential impact it might have on the American supply chain. The ransomware attack on JBS Foods, which prompted it to shut its five largest beef processing plants in the United States, is similar to the ransomware attack that halted operations of the Colonial Pipeline. Causing drivers to rush in a panic to the pump for nearly a week, the Colonial Pipeline ransomware attack resulted in a $4.4 million ransom being paid to the perpetrators.