Payment Services impacted at Rural Indian Banks after Ransomware Attack

November 13, 2024

INCIDENT

recently found itself thrust into the spotlight for all the wrong reasons. A major ransomware attack crippled C-Edge Technologies' systems. The company is a leading provider of IT solutions for the Indian banking and financial sector. The attack caused a ripple effect that disrupted payment services at nearly 300 small banks across India.

The National Payments Corporation of India (NPCI) disconnected all forms of retail payment services offered by C-Edge Technologies after the company allegedly came under a ransomware attack two days ago.

Incident Date

July 29, 2024

Location

India

Estimated Cost

Payment services at <300 banks impacted

Type of Malware

No Malware identified

Threat Source

No threat source identified