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AGCO Falls Victim to Ransomware Attack
USAgNet - 05/10/2022

Agricultural equipment maker AGCO says its business operations have been impacted after falling victim to a ransomware attack last week. The companyt designs, makes, 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 fell victim to a ransomware attack that impacted some production facilities.

AGCO says it has launched an investigation into the incident and estimates that it might need at least several days before it could restore all operations to normal.

“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,” AGCO said on Friday.

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

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