AGCO Ransomware Attack Disrupts Tractor Sales During U.S. Planting Season
By Carandbike Team
1 mins read
Published on May 9, 2022
U.S. agricultural equipment maker AGCO Corp said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season.
Georgia-based AGCO said in a statement it expects operations at some facilities to be affected for "several days and potentially longer."
The ransomware attack comes at a time U.S. agricultural equipment makers were already facing persistent supply chain disruptions and labor strikes that left them unable to meet equipment demand from farmers.
AGCO did not disclose the names of the facilities or if any data was stolen, but said it was still probing the extent of the attack that occurred on Thursday and working to repair its systems.
Tim Brannon, president and owner of B&G Equipment Inc in Tennessee, told Reuters he has not been able to access AGCO's website for ordering and looking up parts since Thursday morning.
"We just have to trust that it will be over as soon as possible because we are coming into our busiest time of the year and it will be very damaging to our business and customers," Brannon said.
AGCO, which competes with larger rival Deere & Co, sells tractors and combines, manufactures and assembles products in 42 locations worldwide with 1,810 dealerships in North America.
Dealers are now struggling to keep up with orders that were already backlogged.
The company told dealers that it was "prioritizing" the most business critical systems in an e-mail read to Reuters by a dealer who declined to be identified.
"I've got about nine orders that I need to place right now," said the dealer.
He said AGCO told him "digital systems" had been impacted worldwide.
AGCO did not respond to requests for additional comment.
AGCO's shares were down 6% at $125.55 in late afternoon trading.
Ransomware attacks have targeted food and fuel companies in the United States in recent years, including the Colonial Pipeline's oil network and meat processing company JBS. Last autumn, at least three grain handlers in the Midwest were hit with ransomware attacks.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Great Deals on Used CarsView All Used Cars
- 8,000 km
- 24,110 km
- 72,000 km
- 20,156 km
- 64,000 km
- 85,000 km
- 75,000 km
- 70,123 km
- 22,000 km
- 49,000 km
-18403 second ago
A strong push during the festive season helped Ola Electric achieve its highest-ever monthly sales, retaining its number-one position in the market.
-16041 second ago
Gauhar Khan and her husband, Zaid Darbar, were pictured together at the dealership in Mumbai while taking delivery of their new Mercedes.
-15371 second ago
Hero MotoCorp’s cumulative sales for November 2023 stood at 491,050 units, witnessing a 25.61 per cent increase year-on-year
-13484 second ago
-12906 second ago
The bikemaker’s cumulative motorcycle sales for the year 2023 stood at 621,672 units, reflecting a 13 per cent increase.
-10712 second ago
In the previous month, the automaker sold a total of 11,891 units, marking a growth of 24 per cent as compared to the same month last year.
-7002 second ago
At present, India’s largest carmaker holds just a little over 2.06 lakh open bookings, nearly a third of which are for the Ertiga.
-2860 second ago
New variant of the Chetak scooter gets some changes as compared to the Premium variant currently on sale.
7 minutes ago
The cumulative sales for the Calendar Year 2023 reached 2,10,497 units - a 40 per cent growth over 2022
41 minutes ago
While sales were up in comparison to November 2022, Ather reported a 7 per cent decline in sales as compared to October 2023
2 years ago
While he didn't give any indication about what the new tractor will be like or its make, we wait to get further updates on this.
3 years ago
As per an official release from MoRTH, the new emission norms for tractors and construction equipment vehicles will now come into force from October 2021 and April 2021, respectively.
3 years ago
This farmer in Maharashtra has found a unique way of milking his cows using his tractor.
3 years ago
Indian cricket legend has chosen the Mahindra Tractor to do activities at his farm in his hometown Ranchi, Jharkhand.