US agricultural machinery manufacturer AGCO suffered a ransomware attack

Pierluigi Paganini May 08, 2022

The American agricultural machinery manufacturer AGCO announced that has suffered a ransomware attack that impacted its production facilities.

AGCO, one of the most important agricultural machinery manufacturers, announced that a ransomware attack impacted some of its production facilities.

The company was forced to shut down portions of its IT systems in response to the incident.

AGCO did not provide any details about the attack, the company is still investigating the extent of the security breach. The incident will affect business operations for several days and potentially longer to fully resume all services.

“AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today that on May 5, 2022, it was subject to a ransomware attack that has impacted some of its production facilities. AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and potentially longer to fully resume all services depending upon how quickly the Company is able to repair its systems.” reads the announcement published by company. “The Company will provide updates as the situation progresses.” 

US authorities recently warned of the risks of ransomware attacks against the US agriculture sector.

“The Federal Bureau of Investigation (FBI) is informing Food and Agriculture (FA) sector partners that ransomware actors may be more likely to attack agricultural cooperatives during critical planting and harvest seasons, disrupting operations, causing financial loss, and negatively impacting the food supply chain. The FBI noted ransomware attacks during these seasons against six grain cooperatives during the fall 2021 harvest and two attacks in early 2022 that could impact the planting season by disrupting the supply of seeds and fertilizer.” reads the PIN alert published by the FBI. “Cyber actors may perceive cooperatives as lucrative targets with a willingness to pay due to the timesensitive role they play in agricultural production.”

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Pierluigi Paganini

(SecurityAffairs – hacking, AGCO)

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