Ransomware Attack Disrupts Payment Systems at 300 Indian Banks

C-Edge Technologies targeted, leading to temporary shutdowns and isolation from national payment networks.

The attack has temporarily halted payment systems at nearly 300 small banks across India.
C-Edge Technologies, a key banking tech provider, was the target of the ransomware attack.
The National Payment Corporation of India has isolated C-Edge from its retail payment systems to contain the issue.
Only about 0.5% of India's payment volumes are affected, primarily impacting rural and semi-urban banks.
Authorities are conducting audits and security reviews to prevent further spread and restore services.