JBS Meats CEO Says Paying $11m to Hackers Was 'Right Thing for Customers'

The CEO of JBS Meats, the company whose plants process nearly one-fifth of the nation's meat supply, said that paying a $11 million ransom to cybercriminals last week was "the right thing for our customers."

The CEO, Andre Nogueira, told The Wall Street Journal that the company paid the ransom to prevent any negative impacts on restaurants, grocery stores and farmers.

"It was very painful to pay the criminals, but we did the right thing for our customers," Nogueira told the Journal.

This is a breaking news story and will be updated as more information becomes available.