Ransomware gang strikes Iowa agriculture business New Cooperative, the latest hack on food supply chain

The BlackMatter ransomware gang has struck an Iowa agricultural business, New Cooperative, and is demanding a $5.9 million ransom.

Several security researchers first called attention to the hack on Monday, and the company confirmed that it had been hit with a cyberattack and shut down its systems in response. It’s another big hit against the agriculture industry, following the May ransomware attack on JBS by REvil, a gang that researchers said has ties to BlackMatter.

“Out of an abundance of caution, we have proactively taken our systems offline to contain the threat, and we can confirm it has been successfully contained,” New Cooperative said in an emailed statement. “We also quickly notified law enforcement and are working closely with data security experts to investigate and remediate the situation.”

New Cooperative is a grain collective based out of Fort Dodge. In negotiations dated Sept. 19 and posted online, a person speaking on behalf of the company said the attack would cause severe problems in the food supply chain.

“We are critical infrastructure – we [sic] intertwined with the food supply chain in the US,” they wrote. “If we are not able to recover very shortly, there is going to be a

Read More: https://www.cyberscoop.com/blackmatter-new-cooperative-ransomware-iowa/