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Drudge Retort: The Other Side of the News
Thursday, June 10, 2021

JBS USA today confirmed it paid the equivalent of $11 million in ransom in response to the criminal hack against its operations. At the time of payment, the vast majority of the company's facilities were operational. In consultation with internal IT professionals and third-party cybersecurity experts, the company made the decision to mitigate any unforeseen issues related to the attack and ensure no data was exfiltrated.
"This was a very difficult decision to make for our company and for me personally," said Andre Nogueira, CEO, JBS USA. "However, we felt this decision had to be made to prevent any potential risk for our customers."

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Accounting rules suggest that such ransom payments can be deducted as operating expenses. Change the rules to make this cost a deduction from a firm's capital account, and companies will tighten up their IT infrastructure and security. No CEO wants to be identified as the guy/gal who destroyed value in the firm they lead. When a firm's owners take the loss, they will act. When they can write it off (thus reducing taxable income), they will not...

#1 | Posted by catdog at 2021-06-10 01:25 PM | Reply

"No CEO wants to be identified as the guy/gal who destroyed value in the firm they lead"

Carly Fiorina on line 2.

#2 | Posted by snoofy at 2021-06-10 02:07 PM | Reply | Newsworthy 1

Gary Larsonesque images go through my mind of a bunch of Far Side cows standing around a computer plotting how to shut the meat giant down once and for all.

#3 | Posted by moder8 at 2021-06-10 02:35 PM | Reply | Funny: 1

Are the feds still coming after Ransom payers or are they just ignoring the Too Big To Fail ransom payers who can afford security?

#4 | Posted by GalaxiePete at 2021-06-10 02:41 PM | Reply

This issue is not of tax deductions, etc. It is about national security. Our President needs to tell Vlad that we are not going to tolerate it anymore or it will be war. It may be a cyber war, it may be a physical war but the Russians and the Chinese need to understand that we will destroy them economically and in physical ways if they continue. Sounds radical right now but this is like Neville Chamberlain talking to Hitler, if we don't act strongly now we will face the consequences of weakness. We cannot be weak right now. Those nation must be informed that we will not allow this behavior to continue and will consider it an Act of War in the future, with everything that implies. Perhaps sinking their only aircraft carrier might impress them enough to rein in their criminals. I only say this because, not that I favor war, but that this problem is only going to get much worse going forward. Telling businesses they need better protective software is not the answer, the hackers will always figure out ways around it. No, we have to tell their governments to either control it or face the consequences of not doing so. We should not forget that we built the largest military in the world for a reason, this might just be the reason. Why have it if we won't use it? We should make it so expensive for them to allow this to happen that they will prevent it from happening.
I know, I sound like a hawk right now. There are times when we should be hawks. Right now is one of those times.

#5 | Posted by danni at 2021-06-11 07:06 AM | Reply | Funny: 1

Like sea pirates, most ransomware hackers are mercenaries who usually act independently of any country's bidding and will continue to do so even if you take out some of the people who hire them if that's the case.

#6 | Posted by sentinel at 2021-06-11 03:32 PM | Reply

^
Do you mean mercenaries for hire like Blackwater?

#7 | Posted by ChiefTutMoses at 2021-06-11 03:58 PM | Reply

Like people who run fake persona accounts on the DR and on Facebook, most astroturfers are self-radicalized agents provocateur who usually act independently of any country's bidding and will continue to do so even if you take out some of the people who hire them if that's the case.

#8 | Posted by snoofy at 2021-06-11 04:06 PM | Reply

"people who run fake persona accounts on the DR and on Facebook,

You mean people like yourself?

most astroturfers are self-radicalized agents provocateur"

Hmm... that sounds familiar...

#9 | Posted by sentinel at 2021-06-12 03:19 PM | Reply

"Throw a rock into a pack of dogs, the one that yelps the loudest is usually the one that got hit."

#10 | Posted by snoofy at 2021-06-12 04:24 PM | Reply

The Macdonald triad (also known as the triad of sociopathy or the homicidal triad) is a set of three factors, the presence of any two of which are considered to be predictive of, or associated with, violent tendencies, particularly with relation to serial offenses.

We already knew you were a bedwetter, and now you're bragging about throwing rocks at dogs. Tsk tsk.

#11 | Posted by sentinel at 2021-06-12 05:41 PM | Reply

"The lady doth protest too much, methinks."

#12 | Posted by snoofy at 2021-06-12 06:15 PM | Reply

... a set of three factors, the presence of any two of which are considered to be predictive of, or associated with, violent tendencies, particularly with relation to serial offenses.

"We already knew you were a bedwetter, and now you're bragging about throwing rocks at dogs."

Is the third factor swastika rehabilitation?

#13 | Posted by Danforth at 2021-06-12 06:26 PM | Reply | Funny: 2

Nope. Settle down, Beavis.

#14 | Posted by sentinel at 2021-06-12 08:21 PM | Reply

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