Ransomware attack forces around 300 small banks to go offline: Report

A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, two sources directly aware of the matter said.

The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said.

C-Edge Technologies did not respond to an email seeking comment.

The Reserve Bank of India, the country’s banking and payment system regulator, did not respond to Reuters’ request for comment.