US Agricultural Equipment Giant AGCO hit by ransomware attack

Agricultural machinery manufacturer giant AGCO announced that a ransomware attack impacted some of its production facilities. on May 5, 2022. “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.

In an update provided on May 16, 2022, AGCO said: ” A majority of the affected production sites and parts operations resumed operational activities last week or today. The remainder of the sites are expected to begin operations during the balance of this week.” The Company also reported that there had been data exfiltration as a result of the ransomware cyber attack. While the Company does not have retail operations, and therefore no privacy-protected consumer data, the Company is still evaluating the scope and consequences of the data loss.

AGCO is based out of Duluth, Georgia, US, and has about 20,000 employees.

Read more about it here.

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