UPI, IMPS, And Other Payment Systems Of Several Banks Temporarily Unavailable Due To Ransomware Attack

The National Payments Corporation of India (NPCI) has declared that UPI, IPMS, and other payment systems of several banks would be briefly unavailable to customers. This happened due to ransomware assaults on the frameworks of C-Edge Technologies, a specialist supplier to different banks.

NPCI said that to avert a significant effect on the installment biological system, NPCI has briefly isolated C-Edge Technologies from admittance to retail installment frameworks worked by NPCI. Bank customers serving C-Age will not be able to get to the installment framework during the detachment time frame.

C-Edge is an IT solutions provider to cooperative and regional rural banks. NPCI was informed that C-Edge Technologies, a technology solutions provider that mainly caters to cooperative and regional rural banks, has possibly been affected by a ransomware attack that impacted a few of its systems, it said.

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It added that recuperation is underway on a battle footing with Sea-Edge Technologies and the necessary security audit procedure is underway. Associations with the influenced banks will be restored at an early date.

Ransomware Attack

A ransomware assault is a kind of cyberattack where malware scrambles a casualty's information or bolts them out of their framework. The aggressors then requested a ransom in return for reestablishing admittance.

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