Meat Producer JBS Expected Its Systems Across U.S. To Be Back Online

A ransomware attack on JBS, a major meat supplier, led to the shutdown of its US beef plants, affecting a significant portion of US beef production. This caused a rise in beef prices, already high due to the pandemic. The attack was linked to a Russian criminal group, but no data breach was confirmed. The dilemma of paying the ransom versus rebuilding systems was highlighted, with no clear decision from JBS. The impact on retailers and cattle feeders was discussed, with potential long-term effects on prices.

What was the immediate consequence of the ransomware attack on JBS's operations in the US?

• Increased beef production

• Expansion of JBS's market share

• Shutdown of all beef plants

• Decrease in beef prices

How did the ransomware attack affect wholesale beef prices?

• Prices increased by $5 per 100 pounds

• Prices decreased by $5 per 100 pounds

• Prices remained stable

• Prices doubled

Why might retailers delay increasing beef prices after the ransomware attack?

• They have excess stock

• They want to ensure the issue is long-term

• They are unaffected by the attack

• They are waiting for government intervention

What challenge do cattle feeders face due to the ransomware attack?

• Inability to process cattle leading to lower prices

• Increased demand for cattle

• Shortage of cattle feed

• Higher processing costs

What is a major concern regarding the ransomware attack on JBS?

• The cost of rebuilding systems if the ransom is not paid

• JBS expanded its operations

• Customer data was definitely compromised

• The attack originated from a local group