Ransomware attack on service provider hits payment systems of 300 Indian banks

A ransomware attack on a technology service provider has forced the payment services of around 300 small Indian banks to halt temporarily.

The attack targeted C-Edge Technologies, a provider of banking technology systems to small banks across the country, forcing the payment operations of the banks to shut down.

The customers of these banks were not able to withdraw cash at ATMs and use the UPI services due to the ransomware attack.