Brief by Shorts91 Newsdesk / 05:44pm on 31 Jul 2024,Wednesday Tech Today
A ransomware attack on C-Edge Technologies, a key provider of banking technology, has temporarily shut down payment systems for nearly 300 small Indian banks. The National Payment Corporation of India (NPCI) isolated C-Edge from its retail payment network to prevent broader impact. Affected banks, primarily cooperative and regional, represent only 0.5% of the country's payment system volume. The Reserve Bank of India and Indian cyber authorities had recently warned banks of potential cyber threats. NPCI is auditing to ensure the attack doesn’t spread further.
