Ransomware Attack Disrupts Operations of Small Indian Banks

Reported 3 months ago

A ransomware attack on C-Edge Technologies, a service provider for small banks in India, has led to the temporary shutdown of payment systems in nearly 300 local banks. The Reserve Bank of India and the National Payment Corporation of India responded by isolating C-Edge to limit the impact on the broader payment network. This incident is part of increased concerns regarding cyber threats faced by banking institutions in India.

Source: YAHOO

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