India under cyber-attack ?

More than 300 banks are affected by a recent ransomware attack on payments systems

What happened ?

1. C-Edge technologies affected by ransomeware attack 2. Only 0.5% of nation's payments affected , source says 3. Attack comes after last month's global outrage

C-Edge technologies ?

C-Edge technologies is a banking technology provider to many small banks. C-Edge technologies has not responded to the allegations neither has responded to the emails, source.

NPCI , an authority responsible for overseeing payments systems in India , late on Wednesday said , "temporarily isolated C-Edge Technologies from accessing the retail payments system operated by NPCI" "Customers of banks serviced by C-Edge will not be able to access payment systems during the period of isolation," the NPCI said.

RBI's take on the situation ?

The Reserve Bank of India, the country’s banking and payment system regulator, did not respond to Reuters' request for comment

Sources : India Today's Article

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