Times are surely getting interesting. Meat processors worldwide getting their computers hacked, shutting down production. See the current Drudge Report .
Before hearing about it, today I added another level to my hogs. Now long both N and Q. Also jumped on the Q cattle deep in the red. Huge gap at the open.
What’s gonna happen next? Crazy scenario, indeed. I haven’t the foggiest idea how our futures markets are gonna respond.
We live in very interesting times stomper.
Nice to have you on board for the interesting ride! Thanks for the update.
JBS canceled shifts and halted production after hackers attacked the company's computers on Sunday.
https://www.eatthis.com/news-jbs-hacked-meat/
The world's largest meat supply company was forced to shut down slaughterhouses because of a cyber attack over Memorial Day Weekend… and the fallout may lead to shortages and more expensive meat at your local grocery store.
JBS SA canceled shifts and halted production after hackers attacked the company's computer systems on Sunday, according to Bloomberg. JBS is responsible for about 25% of the U.S.'s beef production and 20% of pork, as well as a vast supply of meat in Canada and Australia.
"The company took immediate action, suspending all affected systems, notifying authorities and activating the company's global network of IT professionals and third-party experts to resolve the situation," JBS said of the attack in a statement on May 31. "The company's backup servers were not affected, and it is actively working with an Incident Response firm to restore its systems as soon as possible."
It also says no customer, supplier, or employee data was compromised during the attack, but that a total fix will take time and may delay some processes with both customers and suppliers that can end up affecting grocery store shoppers across the country.
While it isn't known how many JBS plants were affected by the hacking, five of the company's biggest U.S. plants halted production, including locations in Utah, Texas, Wisconsin, and Nebraska. Shifts for Tuesday were also canceled. Combined, these five plants process around 22,500 cattle a day, and if the shutdowns continue, it could make the U.S.'s entire meat market unsteady.
Other meat suppliers such as Pilgrim's Pride Corp., the second-largest chicken company in the U.S., also took immediate action by closing some of their locations or cutting back on operations, according to Facebook posts from the plants, reports Bloomberg.
This isn't the only reason burgers, chicken, or hot dogs and bacon will be pricier during your next trip to the grocery store. Low supply and high demand mean prices will be up 25-30%.
https://news.yahoo.com/meat-latest-cyber-victim-hackers-205111363.html
JBS SA, the largest meat producer globally, has made “significant progress” to resolve the cyberattack that impacted its global operations and will have the “vast majority” of its plants operational on Wednesday.
“Our systems are coming back online and we are not sparing any resources to fight this threat,” JBS USA Chief Executive Officer Andre Nogueira said in a statement late Tuesday.
·4 min read
(Bloomberg) -- JBS SA, the largest meat producer globally, has made “significant progress” to resolve the cyberattack that impacted its global operations and will have the “vast majority” of its plants operational on Wednesday.
“Our systems are coming back online and we are not sparing any resources to fight this threat,” JBS USA Chief Executive Officer Andre Nogueira said in a statement late Tuesday.
The cyberattack forced the shutdown of all of JBS’s U.S. beef plants -- facilities that account for almost a quarter of American supplies -- according to an official with the United Food and Commercial Workers International Union, which represents workers at the company’s plants in the U.S. All other JBS meatpacking facilities in the country experienced some level of disruption, according to the official.
The weekend attack on the Sao Paulo-based company’s computer networks also forced shutdowns at slaughter operations across Australia and idled one of Canada’s largest beef plants. It’s unclear exactly how many plants globally have been affected because JBS has yet to release those details. The global shutdowns upended agricultural markets and raised concerns about food security as hackers increasingly target critical infrastructure. Livestock futures slumped, while pork prices rose.
A notorious Russia-linked hacking group is behind the cyberattack against JBS, according to four people familiar with the campaign who were not authorized to speak publicly on the matter. The cybergang goes by the name REvil or Sodinokibi.
While it’s unclear if all of REvil’s hackers operate in Russia, the group’s public face, a user on the dark web cyber-crime forum XSS who goes by the name “Unknown,” exclusively publishes in Russian. REvil typically uses a dark web blog dubbed, “Happy Blog” to name and shame victims when they decline to engage in ransom negotiations. REvil has yet to post a blog item dedicated to JBS.
The JBS attack comes just three weeks after Colonial Pipeline Co., operator of the biggest U.S. gasoline pipeline, was targeted in a ransomware attack that was attributed to a group called DarkSide. Experts have said there is some evidence linking the group to Russia. That followed a series of devastating hacks against American government agencies, businesses and health facilities, also often blamed on Russia or Russia-based hackers at a fraught time in relations between the countries.