Cyber Security

The JBS Foods hack is threatening to upend the meat production industry just three weeks after the Colonial Pipeline cyberattack caused gas shortages up and down the East Coast.

JBS USA CEO Andre Nogueira said Tuesday that he expects the “vast majority” of the company’s processing facilities to be operational within the next day following a cyberattack that forced the world’s largest meat producer to shut down all of its US beef plants.

The hack of JBS Foods, one of the largest meat producers in the world, could send meat prices higher in the near future.

A cyberattack impacting the world’s largest meat producer has significantly hurt processing capabilities in the United States, according to a report Tuesday.

The White House announced on Tuesday that JBS, the world’s largest meatpacker, has been hit with a ransomware cyberattack likely launched from Russia.

A criminal organization likely based in Russia is believed to be behind a ransomware attack on JBS, one of the largest meat producers in the world, White House principal deputy press secretary Karine Jean-Pierre told reporters Tuesday.

A key metric that indicates vulnerability to cyberattacks has increased since the start of the year, a cybersecurity firm says.

New details are emerging from a cyberattack that hit about 3,000 email accounts and 150 government agencies spanning 24 countries, including the U.S., this week

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 ransomware attacks.

The state-backed Russian cyber spies behind the SolarWinds hacking campaign launched a targeted spear-phishing assault on U.S. and foreign government agencies and think tanks this week using an email marketing account of the U.S. Agency for International Development, Microsoft said.

The Department of Homeland Security on Thursday mandated owners and operators of critical pipelines to comply with new security measures.

"The Biden Administration is taking further action to better secure our nation’s critical infrastructure," a DHS spokesperson told FOX Business. "TSA, in close collaboration with CISA, is coordinating with companies in the pipeline sector to ensure they are taking all necessary steps to increase their resilience to cyber threats and secure their systems."

The team behind cryptocurrency DeFi100 have denied allegations that they have performed an "exit scam" after a notice on the team’s website claimed the founders had stolen $32 million in investments over the weekend.

An analytics firm identified the bitcoin wallet used by the ransomware group behind the Colonial Pipeline attack and the massive payments received from victims.

CNA Financial Corporation, a major U.S. insurance company, has revealed that it paid $40 million in ransom after a March cyberattack, according to reports.

Colonial Pipeline CEO Joseph Blount will testify before the House Committee on Homeland Security next month as lawmakers seek additional details on the ransomware attack that resulted in a dayslong shutdown of the largest pipeline on the eastern seaboard, officials said Thursday.