CySecurity News - Latest Information Security and Hacking Incidents, EN

C-Edge Technologies: An In-Depth Look at the Indian Fintech Leader Impacted by a Major Cyberattack

 

C-Edge Technologies, a prominent IT solutions provider for India’s banking and financial sector, has recently faced significant challenges following a major ransomware attack. This incident has severely impacted its systems, leading to disruptions in payment services for nearly 300 small banks across the country.
Established in 2010, C-Edge is a joint venture between State Bank of India (SBI), the nation’s largest public sector bank, and TCS, a global leader in IT services. The company was created to serve the specific technological needs of Indian banks, particularly those in the cooperative and regional sectors.
Over the years, C-Edge has become a key player in the Indian fintech industry, offering a wide range of products and services, including:
  • Core Banking Solutions: Their core banking platform, Finacle, is widely adopted by banks across India, supporting essential banking functions such as account management, transactions, and customer service.
  • Payment Solutions: C-Edge provides various payment gateway services, mobile banking solutions, and ATM management systems, facilitating smooth digital transactions for millions of users.
  • Cybersecurity Services: The company offers a comprehensive suite of cybersecurity solutions, includi

    […]
    Content was cut in order to protect the source.Please visit the source for the rest of the article.

    This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents

    Read the original article: