More than 200 cooperative and regional rural banks were briefly disconnected from India’s retail payments system last week due to concerns about a potential ransomware attack on C-Edge Technologies, as reported by the National Payments Corporation of India (NPCI).
In a statement, NPCI indicated that core banking vendor C-Edge had “possibly” experienced a ransomware attack. To mitigate any larger impact on the payment ecosystem, NPCI took the precaution of temporarily isolating C-Edge Technologies from accessing its retail payment systems. As a result, customers of banks serviced by C-Edge were unable to access payment systems during this time.
Connectivity was restored the following day after an independent forensic auditing firm conducted a review and determined that the impact was confined to C-Edge systems hosted in its data center, with no effects on any bank infrastructure.