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Ultimate Kronos Company, a human resources management company used by several big name brands, corporations and municipalities, was the victim of a ransomware attack on Dec.11. See: The IRS Has...
Kronos was a type of banking Windows malware first reported in 2014. It was sold for $7,000. [1] It was developed as a followup to the UPAS Kit which has been released in 2012. [2] Similar to Zeus, [3] it was focused on stealing banking login credentials from browser sessions via a combination of keylogging and web injection. [4]
Ultimate Kronos Group confirmed a ransomware attack impacted several services companies use to manage their employees and payrolls.
Kronos Incorporated corporate headquarters in Lowell, MA. Kronos was founded in 1977 by Massachusetts Institute of Technology (MIT) and Simon Business School alumnus Mark S. Ain. [4] Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history.
Former Kronos CEO Aron Ain was the CEO and chairperson of the combined company until July 1, 2022, when he stepped down as CEO to become Executive Chairperson. [4] On February 20, 2020, Ultimate Software and Kronos Incorporated announced they agreed to form a new cloud computing venture specializing in workforce management and human capital ...
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