During the US planting season, an AGCO Ransomware attack disrupts transport sales

During the US planting season, an AGCO Ransomware attack disrupts transport sales ...

AGCO, a US agricultural equipment company, said on Friday that a ransomware attack was affecting some of its manufacturing facilities, and dealers said tractor sales had been stalled during the crucial planting season.

AGCO, based in Georgia, said in a statement that it anticipates company operations at several facilities to be disrupted for "several days and potentially longer."

The ransomware strike comes as a result of the ongoing supply chain scarcity and labor strikes that forced US agricultural equipment manufacturers to stall their livestock supply.

AGCO was still looking into the scope of the attack that took place on Thursday and working to repair its facilities.

Tim Brannon, president and owner of B&G Equipment in Tennessee, told Reuters that he has not been able to access AGCO''s website for ordering and searching up parts since Thursday morning.

"We have to trust that it will be over as soon as possible," Brannon said.

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AGCO, which competes with Deere & Co, in 42 locations worldwide, has sold tractors and equipment, combined, manufactures, and assembled them. It has 1,810 dealerships in North America.

Dealers are now unable to keep up with orders that were already backlogged.

In an email sent to Reuters by a dealer who refused to be identified, the company said it was "prioritizing" the most business-critical systems.

"I''ve got about nine orders that I need to place right now," said the dealer.

AGCO claimed that "digital systems" had been affected worldwide.

AGCO did not respond to requests for further information.

In late afternoon trading, AGCO''s stock fell by 6% to $125.55 (roughly Rs. 9,600).

In recent years, ransomware attacks have targeted food and fuel companies in the United States, including the Colonial Pipeline''s oil network and meat processing company JBS. Last autumn, at least three grain handlers in the Midwest were affected by ransomware attacks.

2022, Thomson Reuters