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MarketScreener Homepage  >  Equities  >  Nyse  >  Tyler Technologies, Inc.    TYL

TYLER TECHNOLOGIES, INC.

(TYL)
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Tyler Technologies says clients reported suspicious logins after hack

09/26/2020 | 07:24pm EST

SAN FRANCISCO, Sept 26 (Reuters) - Software vendor Tyler Technologies said Saturday that some of its customers have reported suspicious logins in the days since Tyler warned that it had been hacked with ransomware.

In a post on its website and an email to customers, which include many U.S. counties and cities, Tyler said it had "received reports of several suspicious logins to client systems."

The company, which had said Wednesday that the hack appeared confined to its internal network, on Saturday urged clients to reset passwords that Tyler staff would use to access customer versions of its software.

Tyler provides a wide range of software to local governments, including programs to dispatch police in emergencies and to display local information, including election results. Those programs do not tabulate the votes themselves.

Tyler said it is cooperating with the FBI, which has declined to comment. It declined to say which customers had detected improper logins or when those suspected intrusions occurred.

A great number of criminals use ransomware to encrypt a target's files and demand payment, and many city departments have been forced to pay thousands or even millions of dollars in the past few years.

Because many counties run elections, the Department of Homeland Security has warned generally that ransomware that strikes them could disrupt voting, or use that threat to extort more money.

In addition, some major criminal groups and countries have used ransomware as a distraction while they remove data or destroy it.

The Department of Homeland Security did not immediately return a message seeking comment. (Reporting by Joseph Menn; Editing by Daniel Wallis)


© Reuters 2020
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Financials (USD)
Sales 2020 1 125 M - -
Net income 2020 189 M - -
Net Debt 2020 - - -
P/E ratio 2020 92,2x
Yield 2020 -
Capitalization 16 864 M 16 864 M -
Capi. / Sales 2020 15,0x
Capi. / Sales 2021 14,0x
Nbr of Employees 5 511
Free-Float 82,5%
Chart TYLER TECHNOLOGIES, INC.
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Tyler Technologies, Inc. Technical Analysis Chart | TYL | US9022521051 | MarketScreener
Technical analysis trends TYLER TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 419,55 $
Last Close Price 418,17 $
Spread / Highest target 12,4%
Spread / Average Target 0,33%
Spread / Lowest Target -18,7%
EPS Revisions
Managers
NameTitle
H. Lynn Moore President, Chief Executive Officer & Director
John S. Marr Executive Chairman
Brian K. Miller Chief Financial Officer, Treasurer & EVP
Matthew B. Bieri Chief Information Officer
Jeff Green Chief Technology Officer
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