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Photo: Chet Strange/Getty Images

JBS USA on Thursday announced it had paid hackers "the equivalent of $11 million in ransom" to resolve a cyberattack that forced the meat company to shut down.

State of play: The payment was made in bitcoin, per the Wall Street Journal. The company said it made the decision to pay the ransom after consulting with "internal IT professionals and third-party cybersecurity experts."

  • JBS USA CEO Andre Nogueira said the payment had been made after most JBS plants were up and running again, the Journal reports.
  • The FBI have said they believe that the Russia-linked REvil ransomware group was behind the attack.

What they're saying: "This was a very difficult decision to make for our company and for me personally. However, we felt this decision had to be made to prevent any potential risk for our customers," Nogueira said in a statement.

The big picture: The FBI has urged companies and organizations targeted by hackers to avoid paying ransoms, noting that there's no guarantee it will end the cyberattack, per Bloomberg.

  • Earlier this week, the Justice Department said U.S. investigators recovered $2.3 million worth of cryptocurrency paid as a ransom to the cybercrime group responsible for the attack that shut down Colonial Pipeline last month.

Go deeper

Ina Fried, author of Login
Sep 14, 2021 - Technology

Facebook allows prominent users to break rules

Signage in front of the Facebook Inc. headquarters in Menlo Park, California, U.S., on Wednesday, April 21, 2021. Photo: David Paul Morris/Bloomberg via Getty Images

Facebook has long said that it applies the same rules to all posts, but internal documents obtained by the Wall Street Journal paint a picture of a company that allowed millions of politicians, celebrities and other high-profile users to break those rules without consequence.

Why it matters: It's hard to limit misinformation on a platform when you give a free pass to those with the most reach.

Mike Allen, author of AM
2 hours ago - Politics & Policy

First look: Anita Dunn advises Dems on economy message for '22

Signs from a President Biden event yesterday in Kansas City, Mo. Photo: Chase Castor/Bloomberg via Getty Images

In a midterm preview, top Democratic strategist Anita Dunn advises the party's House and Senate members to frame Republicans "as being against the economic interests of working Americans."

What she's saying: "Explicitly framing Republicans as opposing policies to lower costs does better than simply framing Republicans as the 'party of no,'" Dunn, White House senior adviser until August, writes in the memo.

JPMorgan: "Full global recovery" in 2022

Photo: Erik McGregor/LightRocket via Getty Images

JPMorgan Chase Global Research says in a forecast to clients: "2022 will be the year of a full global recovery, an end of the global pandemic, and a return to normal conditions we had prior to the COVID-19 outbreak."

The big picture: The bullish report sees "a return of global mobility, and a release of pent-up demand from consumers (e.g. travel, services)."