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Tyler Technologies and UKG (Kronos) Security Incident
March 2024 (Tyler Technologies), December 2021 (UKG)
464 days ago
Resolved
Incident Overview
Situation Description
The article discusses the significant legal and financial lessons learned from data breaches and ransomware attacks experienced by Tyler Technologies and UKG (Kronos), highlighting the critical importance of vendor selection in HR software.
Event Types
Data Breach
Ransomware
Industry Sector
TechnologyGeographic Scope
nanResponse Actions
Paid Regulatory Fines or Legal Settlements
Offered Post-Breach Remediation Services
Managed Public Narrative & Crisis Communications
Revised Incident Response Plan
Hardened Attack Surface
Impact Analysis
Event Types (2 identified)
Data Breach
Ransomware
Financial Impact
$0 USDRecords Affected
0Data Types Compromised
PII (Personally Identifiable Information)
Financial Data (Credit Cards, Bank Accounts)
Primary Impacts
Financial Loss
Data Exposure
Operational Disruption
Reputational Damage
Legal/Regulatory Penalties
Key Decisions Made
Tyler Technologies agreed to a class action settlement offering up to $3,500 per claimant for documented losses, three years of credit monitoring, and mandatory security upgrades.; UKG paid $6 million to settle claims, offering affected employees up to $7,500 for documented extraordinary losses.; Both companies faced increased scrutiny in RFPs, higher cyber insurance costs, and long-term audit requirements as consequences of their security failures.
Technical Analysis
Attack Method
Unknown
Additional Information
Quick Facts
- Company:
- Tyler Technologies and UKG (Kronos)
- Date:
- March 2024 (Tyler Technologies), December 2021 (UKG)
- Status:
- Resolved
- Decision Maker:
- nan
- Position:
- nan
- Published:
- 5/05/2025
Source Information
Original Query
impact of "Kronos ransomware" on UKG stock and customer litigationTimeline
Information Published
5/05/2025
Incident Occurred
March 2024 (Tyler Technologies), December 2021 (UKG) (464 days ago)
Status: Resolved
Estimated resolution based on age