EDITOR NOTE: Klaus Schwab of the World Economic Forum has warned us that a Cyber Pandemic will bring the entire society to a complete halt making the pandemic seem like a small disturbance! Then, Jerome Powell went on 60-Minutes and told the world a cyber attack would bring the entire financial system to a complete halt. Now, JBS, the world’s largest meat processor, was just hit by a massive cyberattack over the weekend. The targets were the Australian and North American divisions. The servers and IT systems were disrupted so badly that most of the company’s meatpacking operations in the targeted areas had to be shut down. We’ve been seeing a lot of these bold and large-scale attacks recently as if they’re escalating. Most people would ask what’s next, and what isn’t vulnerable to a cyberattack? Good question. The sad truth is that the likelihood and severity of another attack shut down--whether it's a government agency, a power grid, a healthcare system, or any other company providing critical services--depends on two players, and two players only: the cyberattackers and the individual companies/agencies’ cybersecurity division. Most companies don’t have a cybersecurity division. They own software that’s as quickly as outdated as hackers can find a new way in. Companies will assure you that their networks are safe. Hackers, on the other hand, will guarantee that they’re not risking anything unless it's worth stealing (such as data or money) or disrupting. You can never know how seriously companies take their cybersecurity efforts. But you might bet that the bad actors on the other side are almost always virtuoso-level operators. The only way to keep your money almost 100% safe is to keep it untraceable and in “cold storage.” In short, non-CUSIP gold and silver coins or bars stashed away in a private depository. Any other solution is just a puzzle for the next brilliant cyberhacker to solve.
Australian and North American units of the world’s largest meat processors were hit over the weekend by an organized cyberattack on its information systems, Brazil’s JBS said in a statement.
The attack caused its Australian operations to shut down on Monday. The company said it was working to resolve the incident.
“On Sunday, May 30, JBS USA determined that it was the target of an organized cybersecurity attack, affecting some of the servers supporting its North American and Australian IT systems,” it said in a statement released Monday afternoon.
“Resolution of the incident will take time, which may delay certain transactions with customers and suppliers.”
The attack shut down operations across several Australian states, JBS Australia Chief Executive Officer Brent Eastwood told industry news website Beefcentral on Sunday, at which time he was not able to say how long the stoppage would last.
The world’s largest meatpacker has operations in Canada and the United States, which on Monday marked the U.S. Memorial Day public holiday.
Australian meat processing operations would be impossible without normal access to IT and internet systems, according to the Beefcentral report. JBS’s Primo Smallgoods business in Queensland state has also been affected, the report said.
Original post from CNBC