Meat supplier JBS shuts down six U.S. plants after major cyberattack
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Meat supplier JBS shuts down six U.S. plants after major cyberattack |
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CNBC’s Eamon Javers joins ‘The News with Shepard Smith’ to discuss a ransomware hack that attacked the world's largest meat supplier, JBS, and forced the company to shut down six U.S. plants. This comes weeks after the Colonial Pipeline hack. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Brazil’s JBS SA told the U.S. government that a ransomware attack on the company that disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia, the White House said on Tuesday.
JBS, the world’s largest meatpacker, said on Tuesday night it had made “significant progress in resolving the cyberattack.” The “vast majority” of the company’s beef, pork, poultry and prepared foods plants will be operational on Wednesday, according to a statement, easing concerns over rising food prices.
The cyberattack followed one last month by a group with ties to Russia on Colonial Pipeline, the largest fuel pipeline in the United States, which crippled fuel delivery for several days in the U.S. Southeast.
JBS halted cattle slaughter at all its U.S. plants on Tuesday, according to union officials. On Monday, the attack caused Australian operations to shut down.
“Our systems are coming back online and we are not sparing any resources to fight this threat,” said Andre Nogueira, chief executive of JBS USA.
With North American operations headquartered in Greeley, Colorado, JBS controls about 20% of the slaughtering capacity for U.S. cattle and hogs.
White House spokeswoman Karine Jean-Pierre said the United States contacted Russia’s government and that the FBI was investigating.
“The White House is engaging directly with the Russian government on this matter and delivering the message that responsible states do not harbor ransomware criminals,” Jean-Pierre said.
JBS sells beef and pork under the Swift brand, with retailers like Costco Wholesale Corp carrying its pork loins and tenderloins. JBS also owns most of chicken processor Pilgrim’s Pride Co, which sells organic chicken under the Just Bare brand.
Ongoing shutdowns of JBS plants would threaten to raise meat prices further for American consumers during summer grilling season and to disrupt meat exports at a time of strong demand from China.
“The supply chains, logistics and transportation that keep our society moving are especially vulnerable to ransomware, where attacks on choke points can have outsized effects and encourage hasty payments,” said threat researcher John Hultquist with security company FireEye.
The disruption quickly had an impact on Tuesday, industry analysts said. U.S. meatpackers slaughtered 22% fewer cattle than a week earlier and 18% than a year earlier, according to estimates from the U.S. Department of Agriculture. Pork processing was also down.
Prices for choice and select cuts of U.S. beef shipped to wholesale buyers in large boxes each jumped more than 1%, the USDA said.
The USDA contacted several major meat processors to encourage them to keep supplies moving and slaughter additional livestock when possible, according to a statement. The agency also urged meatpackers to make their IT and supply-chain infrastructure more durable.
Federal agencies including the USDA and Department of Homeland Security are closely monitoring meat and poultry supplies, a White House official said. The agencies are also working with agricultural processors to ensure no price manipulation occurs as a result of the cyberattack, the official said.
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