Ransomware attack hits production facilities of agricultural equipment giant AGCO

Farm equipment giant AGCO says its business operations have been hit after falling victim to a ransomware attack last week.

AGCO designs, manufactures and distributes agricultural machinery and precision technology, offering equipment under brands such as Challenger, Fendt, Massey Ferguson and Valtra.

On Friday, the company announced that it had been the victim of a ransomware attack that affected certain production facilities.

AGCO says it has launched an investigation into the incident and believes it could take at least several days before it can restore all operations to normal.

“AGCO is still investigating the extent of the attack, but it is expected that its business operations will be impacted for several days and potentially longer to fully resume all services depending on how quickly the company is able to repair. its systems,” said AGCO. Friday.

The company also noted that the recovery process involves reinstalling software and restoring computer operations to affected facilities.

“Our expectations regarding the resolution of issues are forward-looking statements, and actual results could differ materially,” AGCO said.

As BackBox vice president of product management Craig McDonald pointed out to SecurityWeek, the attack comes weeks after the FBI warned of ransomware attacks targeting the agricultural industry in the United States. United.

The incident, McDonald says, could ultimately impact the agricultural equipment production supply chain as a whole.

To mitigate the impact of such attacks, organizations are advised to implement appropriate backup and recovery plans which should include a complete inventory of all assets, definition of individual responsibilities and implementation of recovery methods. alternative communications.

Organizations should also plan for potential network downtime and ensure that the latest security patches and updates are installed in their environments to stay protected against potential exploits of vulnerabilities.

Related: FBI warns of ransomware attacks on agricultural cooperatives during planting and harvest seasons

Related: Ransomware Targeted 14 of 16 US Critical Infrastructure Sectors in 2021

Related: FBI Warns Ransomware Attack Could Disrupt Food Supply Chain

Ionut Argire is an international correspondent for SecurityWeek.

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