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Tuesday, December 14, 2021

The Daily Money: Kronos ransomware attack may impact payroll for weeks

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Tuesday, December 14

Good morning, Daily Money readers. Jayme Deerwester back with you this Tuesday, which marks the start of two days of Federal Reserve meetings, during which they are expected to set the stage for interest-rate hikes as a way to combat inflation.  

If your company uses Kronos, you might not be able to clock in and out of work for a few weeks. HR management company Ultimate Kronos Group has been hit by a ransomware attack that's hobbling its clients' ability to process payroll, handle timesheets and manage staff.

💡 INSIGHT OF THE DAY:  How can companies maintain their workplace culture when most interactions have been virtual for nearly two years?   Employees are more likely to follow your lead when you clearly express your intentions and demonstrate your commitment to strengthening those connections. You can model this behavior by appearing on-camera during meetings, allowing informal time for workers to catch up during meetings and recognizing and thanking workers who embody the cultural traits and behaviors you value.

Other stories you won't want to miss:

Time is running out to ship your Christmas gifts. Find out the deadlines for edEx, UPS and USPS.

Elon Musk is Time Person of the Year.  Why Tesla CEO was picked.

Still struggling to find a PlayStation 5 or Xbox Series X?  We get tips straight from consumers who were lucky enough to buy one.

What's in Biden's electric vehicle strategy?  500,000 new charging stations and more.

The right credit card could help fund your retirement.  Find out how.

MOOD MUSIC: Today's lyrical pick – The Police's ode to stalkers – goes out to Wall Street, which will be watching the Fed's every move for the next 48 hours. 

Despite the rise of cyber attacks involving things like phishing, denial of service, and malware, people often still create passwords that are easy to crack (simple numerical sequences, for instance, or personal information that might be publicly accessible, such as birthdays or street numbers) and use the same log-ins across all of their accounts. Doing this means that once hackers find their way in, they wind up with keys to your entire   online kingdom.   One possible explanation for using simple passwords is the heavy reliance people have on numerous web services. It can be difficult to keep track of a long list of complex and secure alphanumeric passwords, so people fall back on memory hacks, using sequences that are easy to remember. (We take our electronic devices so much for granted today that we might be surprised to learn    the cost of a computer every year since 1970   .)    To determine the most common passwords in America as of this year and the time it takes password cracking software to reveal them, 24/7 Tempo reviewed data from a report on the    top 200 most common passwords    published by NordPass, a   password management division of the digital security and privacy firm Nord Security. NordPass compiled the list in partnership with what it describes as "independent researchers specializing in research of cybersecurity incidents," who evaluated a 4TB database, classifying data into various verticals in order to perform statistical analyses.    The time it would take to crack the passwords comes from zxcvbn, an online password strength estimator. NordPass used a program assuming   multiple   attackers, proper user-unique salting, a slow hash function, and a moderate work factor, and notes that different approaches might yield different crack times. So, they add, might the use of   different computer technologies.    The results of the study might make you think twice about using obvious passwords unless you want your accounts to be accessed by cybercriminals hunting for access to a system or for data they can leverage to commit identity theft and financial fraud -- or even hijack your car. (   This is the car with the best technology   .)
Kronos ransomware attack could impact payroll for weeks
A ransomware attack has hit HR management company Kronos, disrupting how major companies process payroll and manage employees.
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