One of America’s top agricultural companies has been hit by ransomware, which has slowed production, as well as tractor sales, the company confirmed.
AGCO Corp confirmed that it suffered a ransomware attack, adding that operations at some of its facilities could be affected for “several days and potentially longer.”
There was no mention of stolen data, but the company said its investigation was still ongoing and the extent of the breach was yet to be determined.
Supply chain damage
Many details are still missing, including the name of the threat actor behind the attack, the attack vector of the initial compromise (phishing, virus, malware or insider threat, for example), along with the ransom amount. request.
What we do know, at this time, is that until last Thursday, customers were unable to search or order parts for their agricultural machinery.
The ransomware attack only exacerbated already sluggish procurement efforts, plagued by Covid-19 supply chain disruptions, as well as labor strikes.
“We just have to believe this will be over as soon as possible as we are entering our busiest time of the year and this will be very detrimental to our business and our customers,” said Tim Brannon, president and owner of B&G Equipment. Inc. in Tennessee, told Reuters.
Over the past two years, cyberattacks have also started to make themselves felt in the “physical” domain. The Colonial Pipeline ransomware attack, for example, led to gas shortages in parts of the United States, while an attack on JBS triggered a shortage of certain types of meat in Australia.
The US government and law enforcement began to treat ransomware attacks as national security issues and have since successfully stopped some of the largest ransomware operations to date.