The National Payments Corporation of India (NPCI) has successfully re-established connectivity with C-Edge Technologies Ltd. This development follows a thorough security review conducted by an independent forensic auditing firm, which confirmed that all impacted systems had been isolated to prevent any potential spread of a ransomware attack.
According to an official press release, the audit confirmed that the compromised systems were contained within C-Edge’s data center. There was no impact on the infrastructure of cooperative banks or regional rural banks, which depend on C-Edge’s services.
The forensic firm also ensured that the rest of the infrastructure remained unaffected and secure after comprehensive security reviews and scans.
As a result, NPCI has restored the services of cooperative banks and regional rural banks that were temporarily disrupted due to the incident. These banks can now resume offering their full range of services seamlessly to their customers, as before.
NPCI had initially isolated C-Edge as a precautionary measure after detecting a possible ransomware threat. With the security concerns addressed and the necessary containment measures in place, NPCI and C-Edge Technologies have resumed normal operations, ensuring the continued security and integrity of the financial services provided by these banks.
Some of the top names from Cooperative Sector which are the clients of C-Edge technologies are: Gujarat State Cooperative Bank, Ahmedabad District Cooperative Bank, Meghalaya Cooperative Apex Bank Limited, West Bengal State Cooperative Bank, Sabarkantha DCCB, Surat People’s Cooperative Bank and others.
In response to the attack, NPCI had temporarily disconnected C-Edge Technologies from accessing its retail payment systems to prevent further impact on the payment ecosystem. Consequently, customers of the affected banks were unable to access payment services facilitated by NPCI.
C-Edge Technologies, a joint venture between Tata Consultancy Services Ltd. (TCS) and State Bank of India (SBI), plays a crucial role in the financial infrastructure of cooperative and regional rural banks.