Simultaneous Cyberattacks Paralyze 300 Banking Institutions in India as Ransomware Targets Software Company.

Malware encrypting ransomware hits C-Edge Technologies, a software provider for banks in India. The National Payments Corporation of India (NCPI) has removed all banks using C-Edge software from its system. The majority of affected banks are small-sized, minimizing the overall impact. Reports suggest a potential 0.5% impact on payments, with investigations ongoing to contain the malware spread. C-Edge is a joint venture between Tata Consultancy Services and State Bank of India.

TLDR: Ransomware attack targets C-Edge Technologies, impacting small banks in India. Payment systems affected, investigations ongoing.