NPCI Announces Full Recovery of Banking Services After Ransomware Incident

CPCI, the National Payments Corporation of India, has re-established several retail payment connections with banks that currently use C-Edge systems after the technology provider was struck by a ransomware attack on August 1, according to a statement released by CPCI.

NPCI conducted an investigation confirming the presence of ransomware on C-Edge and the impacted systems were isolated in an attempt to ‘contain the potential for further spread,’ according to the company. 

Earlier this week, NCPI released a statement that states the auditor performed the necessary security checks and scans to ensure the remaining infrastructure is clean as well as the security for the rest of the system.

According to a statement released by NPCI on July 31, there is a possibility that ransomware may be used to attack the C-Edge technology, and payments to banks for retailers have been suspended for customers who are affected.

In the case of the policy that was being implemented, only 200 co-operatives and regional rural banks were affected. As of Monday, customers at certain Regional Rural Banks and Cooperative Banks across the country have experienced a major outage in their payment services, such as fund transfers using NEFT or UPI, as well as withdrawing from ATMs, as a result of a ransomware attack that has affected C-Edge, a joint venture between TCS and SBI. 

In the wake of a ransomware attack

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