Ransomware attack cripples hundreds of small banks in India: Details

Alert! A massive ransomware attack on a technology service provider has disrupted banking services for nearly 300 small banks across India. The incident has caused significant inconvenience to millions of customers reliant on these financial institutions.

According to Reuters report, affected service provider, C-Edge Technologies, which provides banking technology systems to numerous small banks, was targeted by cybercriminals who encrypted its systems causing major inconvenience to these small local banks.