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Kronos ransomware attack is one of the latest security breaches that affected a giant company. Specifically, this new cybersecurity attack affects an HR management company, Ultimate Kronos Group, which handles many agencies and other businesses.

(Photo : Photo by ROB ENGELAAR/ANP/AFP via Getty Images)A laptop displays a message after being infected by a ransomware as part of a worldwide cyberattack on June 27, 2017 in Geldrop. - The unprecedented global ransomware cyberattack has hit more than 200,000 victims in more than 150 countries, Europol executive director Rob Wainwright said May 14, 2017. Britain's state-run National Health Service was affected by the attack.

The system breach was confirmed on Saturday, Dec. 12. Involved security experts explained that many UKG's services were affected, such as its Private Cloud.

Since the HR company's Private Cloud service was breached, hackers behind the ransomware attack were also able to target the agency's Healthcare Extensions, Banking Schedule Solutions, UKG's Workforce Central, as well as UKG's Telestaff.

Recently, TechTimes reported that the ransomware attack is quite serious, stating thathigh-profile customerswere affected by the massive breach, such as Tesla.

According toUSA Today's latest report, UKG estimates that the ransomware attack will be fixed in several weeks. The duration would depend on the company's efficient actions against the breach.

(Photo : Photo credit should read DAMIEN MEYER/AFP via Getty Images)An IT researchers stands next to a giant screen a computer infected by a ransomware at the LHS (High Security Laboratory) of the INRIA (National Institute for Research in Computer Science and Automation) in Rennes, on November 3, 2016. Paradise where computer viruses blossom under the watchful eye of scientists, the Laboratory of high security (LHS-PEC) of Rennes is a small fortress from where emerge the first studies on the "ransomwares."

Also Read:50TB Worth of COVID-19 Vaccination Data Allegedly Deleted as Hackers Exploit the Brazilian Ministry of Health

This means it could take around the end of December or by the first month of 2021.

"We are working with leading cyber security experts to assess and resolve the situation, and have notified the authorities," said the Ultimate Kronos Group's Executive Vice President, Bob Hughes.

He added that they are still working on identifying the full coverage of the attack. You can click thislinkto see more details.

The ransomware against UKG's services clearly affected various large companies, such as Puma, the YMCA, and other big names.

Of course, they are also doing their part to ease the security breach somehow. The University of Utah announced that already established a task force to help identify how serious the issue really is.

On the other hand, the City of Cleveland said that they are making efforts so that its staff's salaries would be uninterrupted. These are just some actions to ensure that their employees would receive their pays.

As of the moment, ransomware attacks are still becoming rampant.ITP.Netreported that Kaspersky, one of the well-known security firms, provided incident responses, with 50% focusing on ransomware breaches.

In other news,Chinese ransomware attackscould shut down the power of more than 30 million households.

For more news updates about security threats, always keep your tabs open here at TechTimes.

Related Article:Ontario Provincial Police (OPP) Arrests Man For Allegedly Coordinating Ransomware Attacks

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Written by:Griffin Davis

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Kronos Ransomware Update: Estimated Time To Be Fixed, Efforts of UKG's Clients, and Other New Details - Tech Times