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16 June 2021
10:01 hour

Meatpacker JBS says it paid equivalent of $11 million in ransomware attack

Investing.com

10/06/2021 - 08:37


READ THE FULL ARTICLE ON INVESTING.COM

Related headlines:

  1. U.S. says ransomware attack on meatpacker JBS likely from Russia (02/06/2021 - Investing.com)

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  2. The Wall Street Journal: JBS says it paid $11 million in ransomware attack (10/06/2021 - Market Watch)
    JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation’s meat supply, the company’s chief executive said.
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  3. Insurer AXA reportedly hit in ransomware attack after ending ransomware payment coverage (17/05/2021 - Seeking Alpha)

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  4. Axa division in Asia hit by ransomware cyber attack (16/05/2021 - Investing.com)

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  5. FBI calls ransomware attack response a 'top priority' (04/06/2021 - Seeking Alpha)

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  6. Let’s talk Oil and ransomeware (13/05/2021 - Reddit Stock Market)
    As you might have seen, gas has been an absolute catastrophe. Oil companies have been taking blow after blow. First from the current administration and now from cyber hacks. Here’s my questions though, many of the Oil tickers I have been following have been steadily decreasing in value. With every dip comes a-rise. When will that rise happen? The long term answer might be next year during the 2022 mid-elections. Or 2024 depending on a new administration. Could there be a rise before then? Maybe when Colonial Pipeline restores fuel on the East Coast? Also something to talk about, ransomware. The pipeline hack is the second cyber attack this month in the US. The first was in San Diego at Scripps Hospital. I have an article blow if you’d like to read it. I’m not savvy in cyber security nor do I follow any cyber news but would love to hear some opinions or hunches to see if there’s any contracts being paid out to any companies for securities and investigations. https://finance.yahoo.com/news/gas-pipeline-hack-ransomware-disrupt-our-lives-195458104.html https://www.google.com/amp/s/www.sandiegouniontribune.com/news/health/story/2021-05-09/its-not-just-scripps-ransomware-has-been-increasingly-rampant-during-the-pandemic%3f_amp=true https://finance.yahoo.com/news/353-76-million-growth-expected-030000272.html   submitted by   /u/BlankSnapPop [link]   [comments]
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  7. DOJ recovers $2.3M in Bitcoin from Colonial Pipeline ransomware attack (07/06/2021 - Seeking Alpha)

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  8. FBI director compares ransomware attack response to September 11 (04/06/2021 - Seeking Alpha)

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  9. Top U.S. fuel pipeline recovering from devastating ransomware attack (13/05/2021 - Investing.com)

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  10. Apple targeted in ransomware attack with files stolen from Mac Pro manufacturer (23/04/2021 - Seeking Alpha)

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  11. Capitol Report: Biden predicts return to normalcy in ‘next couple of days’ after gasoline shortages due to Colonial Pipeline attack (13/05/2021 - Market Watch)
    Biden's comments come after Colonial Pipeline late Wednesday said its key fuel artery has resumed operations on the U.S. East Coast following a shutdown in response to a ransomware attack.
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  12. Sierra Wireless shares gain as production resumes following ransomware attack (26/03/2021 - Seeking Alpha)

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  13. Sierra Wireless shares gain as production resumes following ransomware attack (26/03/2021 - Seeking Alpha)

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  14. Justice Department holding press conference about Colonial Pipeline ransomware attack (07/06/2021 - Seeking Alpha)

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  15. Colonial Pipeline CEO proud of response to ransomware attack, calls for government collaboration to fight cybercrime (08/06/2021 - Seeking Alpha)

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  16. The Wall Street Journal: Meatpacker JBS hit by cyberattack affecting North American, Australian operations (01/06/2021 - Market Watch)
    Meatpacking company JBS USA Holdings Inc says it was the target of a cybersecurity attack that affected some of its North American and Australian information-technology systems.
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  17. Crypto: DOJ says ‘millions of dollars of bitcoin’ reclaimed from ransom paid to Colonial Pipeline hackers (07/06/2021 - Market Watch)
    The Justice Department, in conjunction with other federal authorities, on Monday said that the majority of the ransomware paid to hackers last month has been recaptured.
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  18. Capitol Report: Colonial Pipeline CEO warns Congress that ‘criminal gangs’ are always ‘sharpening their tactics’ to target U.S. companies, government (08/06/2021 - Market Watch)
    Colonial Pipeline CEO Joseph Blount warned members of the Senate Homeland Security Committee Tuesday that cybercriminals are on the offense after the fuel transportation company was hit by a $4.4 million ransomware attack last month.
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  19. Deep Dive: 20 cybersecurity stocks Wall Street believes can rise up to 79% over the next year (10/05/2021 - Market Watch)
    The ransomware attack on Colonial Pipeline Co. highlights an obvious area for growth in the technology sector.
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  20. : Government reminds anxious fuel shoppers: ‘Do not fill plastic bags with gasoline’ (12/05/2021 - Market Watch)
    ‘When people get desperate they stop thinking clearly,' the Consumer Product Safety Commission said following the Colonial pipeline ransomware attack.
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  21. Cybersecurity: Ransomware – to pay or not to pay? (14/04/2021 - Financial Express)
    Over half of ransomware victims pay the ransom, but only a quarter see their full data returned: Kaspersky report
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  22. The cost of ransomware, why it is on the rise and how to stay safe online (27/04/2021 - Financial Express)
    Ongoing pandemic has further escalated this problem by serving as another avenue for attackers to innovate their ransomware tactics.
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  23. Futures Movers: Oil prices fall on expectations Colonial Pipeline outage will be temporary (11/05/2021 - Market Watch)
    Oil futures trade lower Tuesday, with investors shrugging off a scramble for fuel supplies in parts of the Eastern U.S. as Colonial Pipeline works to restore service after a ransomware attack.
    [visit article]
  24. Futures Movers: Oil prices fall on expectations Colonial Pipeline outage will be temporary (11/05/2021 - Market Watch)
    Oil futures trade lower Tuesday, with investors shrugging off a scramble for fuel supplies in parts of the Eastern U.S. as Colonial Pipeline works to restore service after a ransomware attack.
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  25. Futures Movers: Oil higher after cyberattack forces shutdown of key U.S. fuel pipeline (10/05/2021 - Market Watch)
    Oil futures rise Monday after a ransomware attack forces the shutdown of pipelines supplying around 45% of fuel to the East Coast.
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  26. Commodities Corner: Here’s what the shutdown of the Colonial Pipeline means for the gasoline market (10/05/2021 - Market Watch)
    Colonial Pipeline is aiming to "substantially" restore operations by the end of the week --- a goal that analysts say could avert widespread panic at the pump and lasting repercussions for fuel markets after the largest pipeline in the U.S. was shut down over the weekend in response to a ransomware attack.
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  27. NewsWatch: How did federal agents recover bitcoin and access a crypto wallet tied to the Colonial Pipeline cyberattack? (08/06/2021 - Market Watch)
    U.S. federal authorities are fairly tight-lipped on law enforcement's method of recovering some $2.3 million in bitcoin paid to cyber-hackers of Colonial Pipeline Cos. It is a rare, but not unprecedented, win for federal agents who are part of a newly formed Ransomware and Digital Extortion Task Force.
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  28. Futures Movers: Oil prices fall as Colonial Pipeline resumes operations on U.S. East Coast (13/05/2021 - Market Watch)
    Oil futures fall Thursday, on track to snap a four-day winning streak, as the Colonial Pipeline resumes operations after shutting down in response to a ransomware attack. Traders were also tracking a continued surge in COVID-19 cases in India.
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  29. Crypto: How did federal agents recover bitcoin and access a crypto wallet tied to the Colonial Pipeline cyberattack? (08/06/2021 - Market Watch)
    Federal authorities are fairly tight-lipped on law enforcement's method of recovering some $2.3 million in bitcoin paid to cyber-hackers of Colonial Pipeline Cos. It is a rare, but not unprecedented, win for federal agents who are part of a newly formed Ransomware and Digital Extortion Task Force.
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  30. : Some gas stations in U.S. Southeast running out of fuel as Colonial works to restore pipeline service (11/05/2021 - Market Watch)
    Some gas stations from Florida to Virginia run out of gasoline as Colonial Pipeline works to restore service on a key East Coast fuel artery following a ransomware attack, according to fuel-price tracker GasBuddy.
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  31. : Ransomware boom comes from gangs that operate like cloud-software unicorns — ‘a truly incredible business model’ (08/06/2021 - Market Watch)
    If ransomware attacks bring to your mind hoodie-wearing hackers in basements or bunkers full of coding soldiers, think again. These online assaults are proxy wars where organized cybercrime syndicates adopt business models straight out of Silicon Valley.
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  32. How come this is this legal?? Palantir CEO Saw Compensation Rise Nearly 9,000% In 2020 (30/04/2021 - Reddit Stocks)
    ?? Palantir CEO Saw Compensation Rise Nearly 9,000% In 2020 by Shivdeep Dhaliwal1 min read 16 hours ago $PLTR Palantir Technologies Inc (NASDAQ: PLTR) CEO Alexander Karp was paid $1.10 billion last year for his service to the data analytics company. What Happened: The compensation included $797.9 million in stock options and $296.4 million in stock awards — a hike of 8,990.9%. In 2019, Karp was paid $12.1 million. Karp’s annual salary for the fiscal year ended Dec. 31, 2020, was $1.1 million and included $177,273 paid in bi-monthly installments and $124,364 paid in quarterly installments as an annual stipend. $800,00 was paid in quarterly installments as a “travel stipend,” according to a filing made with the U.S. Securities and Exchange Commission The company’s co-founder Steven Cohen received $192 million in 2020 and was paid $16.1 million in 2019. IF YOU'RE INTERESTED IN THE WHOLE ARTICLE, HERE'S THE SOURCE: https://m.benzinga.com/article/20881752   submitted by   /u/Mooney-Aviator [link]   [comments]
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  33. ‘Attack’ on Mamata Banerjee: TMC postpones manifesto release; BJP, Congress call for CBI probe (11/03/2021 - Financial Express)
    West Bengal Elections 2021: TMC leader Partha Chatterjee said that the EC has to take responsibility for the attack on Mamata Banerjee as they are acting as per orders of the BJP.
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  34. VALUE Play: WTI (15/03/2021 - Reddit Stock Market)
    WTI Oil and Gas exploration company, is currently undervalued given comps. W&T Offshore: Ticker WTI: Price: $4.16, Market Cap: 591.989M, PE Ratio: (TTM) 15.76, EPS: (TTM) 0.2640, Reserves: Gulf Shelf P1: MMBoe136.3, P2: MMBoe 197.8, Deep Water: P1: MMBoe 21.1, MMBoe 37.2, Financials Comps. SM Energy Co. Ticker "SM" Price: $18.88 Market Cap: $2.17B PE Ratio: N/A EPS: (TTM)-6.72 Reserves: 404.6 million barrels of oil equivalent of estimated proved reserves; and working interests in 801 gross productive oil wells and 498 gross productive gas wells. SM Financials Common Stock Recourses Inc., Ticker CRK Price: $6.23 Market Cap: $1.448B PE Ratio: (TTM) N/A EPS: (TTM) -0.39 Reserves: 5.6 trillion cubic feet of natural gas equivalent and 17 million barrels of oil equivalent of proved reserves. CRK Financials WTI looks to be undervalued against its peers, also lagging compared to the price of crude.   submitted by   /u/MarketMaker_Artwork [link]   [comments]
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  35. Awaiting clearance for bulletproof car for months, says Sajad Lone, after BJP leader killed in terror attack (03/06/2021 - Financial Express)
    Sajad Lone had condemned the brutal attack on the BJP leader saying the Valley has had enough of this gunfight.
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  36. : JBS says cyberattack resolved, production losses limited (04/06/2021 - Market Watch)
    Meatpacker JBS said late Thursday its global facilities are "fully operational" and that last weekend's cyberattack has been resolved.
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  37. Twilio CEO: cloud provides better security against ransomware (10/06/2021 - Seeking Alpha)

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  38. No cash equivalent after merger? (05/05/2021 - Reddit Stocks)
    I invested in Aphria through Ally investing a few years ago. I only held one share. They recently merged with Tilray and the other day, my stock disappeared. After spending two hours on hold with Ally today, they informed me that Tilray was offering 0.8381 Tilray shares for each Aphria stock, but was not issuing any fractional shares and they had opted not to provide cash equivalent for these shares so I had to accept a total loss. Does anyone know the legality of this? Obviously it's not going to make or break me, but it seems a bit screwed up that they can simply opt not to offer cash equivalent for shares.   submitted by   /u/KunSeii [link]   [comments]
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  39. ARKK options purchases (27/03/2021 - Reddit Stocks)
    “The ARKK Trades: At 2:09 p.m. Thursday a trader executed a put sweep of 7,238 ARKK options with a $100 strike price expiring April 16. The trade represented a $38,000 bearish bet for which the trader paid $5.25 per option contract. At 1:04 p.m., a trader executed a put sweep of 400 ARKK options with a $110 strike price expiring on Jan. 20, 2023. The trade represented a $1.4-million bearish bet for which the trader paid $26 per option contract. At 11:16 p.m., a trader executed a put sweep of 1,500 ARKK options with a $125 strike price expiring May 21. The trade represented a $2.49-million bearish bet for which the trader paid $16.60 per option contract. At 11:15 p.m., a trader executed a put sweep of 819 ARKK options with a $100 strike price expiring on May. 21. The trade represented a $1.35-million bearish bet for which the trader paid $16.50 per option contract. At 11:15 p.m., a trader executed a put sweep of 1,028 ARKK options with a $125 strike price expiring on May. 21. The trade represented a $1.7-million bearish bet for which the trader paid $16.50 per option contract. At 11:15 p.m., a trader executed a put sweep of 1,087 ARKK options with a $125 strike price expiring on May 21. The trade represented a $1.78-million bearish bet for which the trader paid $16.40 per option contract. Together, traders are betting almost $8.76 million that the share price of ARKK is going lower.” Who is ready for Monday?   submitted by   /u/Lurky_Water [link]   [comments]
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  40. U.S. will treat ransomware like terrorism after Colonial Pipeline, JBS attacks (03/06/2021 - Seeking Alpha)

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  41. FireEye CEO says ransomware 'intolerable situation' amid JBS Foods breach (02/06/2021 - Seeking Alpha)

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  42. Deputy Attorney General: U.S. needs Bitcoin exchanges' help to fight ransomware (04/06/2021 - Seeking Alpha)

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  43. New US cybersecurity directive could stop ransomware payments like Colonial Pipeline (29/05/2021 - Seeking Alpha)

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  44. The Moneyist: My boyfriend agreed to go part-time to look after my teenage kids. I paid him $650 a month. We split up — and now he’s crying foul (16/04/2021 - Market Watch)
    ‘Since we have separated, I gave him a car, paid for his phone, paid for his car insurance and his health insurance.’
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  45. The Moneyist: My boyfriend agreed to go part-time to look after my teenage kids. I paid him $650 a month. We split up — and now he’s crying foul (16/04/2021 - Market Watch)
    ‘Since we have separated, I gave him a car, paid for his phone, paid for his car insurance and his health insurance.’
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  46. Anyone Upset that they won't get paid until next week? (05/03/2021 - Reddit Stocks)
    So much sales going on.... Its frustrating that its the first paycheck of the month where I already paid my rent and bills so I can put everything into stocks... Cheers to people who get paid tomorrow. Leave some stocks for us.   submitted by   /u/DogeWeTrust [link]   [comments]
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  47. U.S. energy secretary opposes ransomware payments, pushes for better 'cyber-defenses' (06/06/2021 - Investing.com)

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  48. U.S. authorities detail stepped-up efforts to fight ransomware attacks after Colonial Pipeline (15/06/2021 - Seeking Alpha)

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  49. ‘Ram Teri Ganga Maili’ actor Rajiv Kapoor dies at 58 (09/02/2021 - Financial Express)
    Brother Randhir Kapoor said Rajiv Kapoor died due to heart attack "He passed away about 1.30 pm due to heart attack," Randhir Kapoor told
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