Ransomware attack cripples payment systems at hundreds of Indian banks
C-Edge Technologies, a key technology service provider for small banks across India, has been hit by a ransomware attack that has disrupted payment systems at nearly 300 banks.
The attack has forced the banks to shut down their payment systems, leaving customers unable to access their funds. It is not yet known how much money has been stolen in the attack, but it is believed to be one of the largest ransomware attacks ever to hit India.
The attack is a major setback for India's banking sector, which has been struggling to recover from the COVID-19 pandemic. The attack is also a reminder of the growing threat of ransomware attacks, which have become increasingly common in recent years.
Ransomware is a type of malware that encrypts a victim's files and demands a ransom payment in exchange for decrypting them. Ransomware attacks can be very costly, as they can lead to lost data, disruption of business operations, and reputational damage.
The attack on C-Edge Technologies is a reminder that businesses of all sizes need to be prepared for the threat of ransomware attacks. Businesses should implement strong cybersecurity measures, such as firewalls, anti-virus software, and data backups, to protect themselves from ransomware attacks.
Komentar