Tyler Technologies Paid Ransomware Gang For Decryption Key

Tyler Technologies has paid a ransom for a decryption key to recover files encrypted in a recent ransomware attack. Tyler Technologies states that they are the largest software company in North America devoted to the public sector, with over $1.2 billion in revenue for 2020 and 5,500 employees.


EXPERTS COMMENTS
Chad Anderson, Research Engineer ,  DomainTools
October 13, 2020
The increasing complexity of these attacks further reinforces the case for prevention.
Paying the ransom should always be organisations' last resort. It is unfortunate that Tyler Technologies found themselves in that position and isn't necessarily a reflection on the security precautions they had in place prior to falling victim to this attack. Recently, in fact, cybercriminals have learnt to make up to date, secure backups useless by exfiltrating data as part of their ransomware ....
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