Farms and agribusinesses are growing in size and sophistication. At the same time, ag markets and supply chains are relying more and more on digital systems that can be vulnerable to cyberattacks. Ransomware is one type of attack that can prove particularly costly — but there are ways you can help prevent ransomware attacks.
“Any industry that relies on a complicated supply chain or time-focused requirements to get products to consumers are going to be in the crosshairs for these criminal groups,” says Nationwide Senior Vice President and Chief Information Security Officer, Todd Lukens. “When a farm or company is growing fast, computer security programs can’t keep up. In many ways, ag businesses are perfect targets.”
Ransomware is a type of cyberattack when someone illegally gains access to your computer systems or files, then locks them down until you pay a ransom to restore access. Recovery can take a lot of time and money. Business interruption, recovery, restoring systems and paying the ransom itself are all potential ransomware costs to a farm or agribusiness.
“These attacks have ramifications that last from days to weeks to months. Ransomware gives criminals the potential to make millions in a short amount of time,” adds Lukens. “Farms and agribusinesses are growing targets for these criminals.”
Andrew McCrea speaks with Nationwide about what farmers and commercial ag operations can do protect their operations from ransomware attacks.