Source: TH
Context: C-Edge Technologies Ltd., a technology service provider for cooperative and regional rural banks in India, was likely hit by a ransomware attack.
- The National Payments Corporation of India (NPCI) announced this and temporarily suspended all retail payments in the affected banks.
- The attack primarily impacts UPI operations and Aadhaar-enabled payment systems (AePS), affecting around 200 cooperative banks and regional rural banks (RRBs).
About Ransomware:
Ransomware is a type of malware that locks users or organizations out of their files by encrypting them and demanding a ransom for the decryption key.
This forces victims to pay the ransom to regain access, with some variants also stealing data to increase pressure.
Ransomware has become a major threat, significantly disrupting hospitals, public services, and various organizations.
