News and Updates on Information Technology

US agricultural machinery manufacturer AGCO hit by ransomware attack

Exploit: Ransomware

AGCO: Agricultural Machinery Manufacturer

cybersecurity news gauge indicating extreme risk

Risk to Business: 1.471 = Extreme

Major U.S. agricultural machinery manufacturer AGCO announced that they have suffered a ransomware attack that is impacting some of the company’s production facilities. A statement from the company provided few details but specified that its operations including production “Will likely be adversely affected for several days and potentially longer.” No group has claimed responsibility or publicized a ransom demand.

Individual Impact: No information about consumer/employee PII, PHI or financial data exposure was available at press time.

EXTRA: The FBI recently released an alert about elevated ransomware risk in the Food & Agriculture sector.

How It Could Affect Your Customers’ Business: Ransomware gangs love to pounce on industries at critical times. This is a massive problem at the height of spring planting season in the US.

Source: Bleeping Computer