Ransomware Attack Disrupts Services at Small-Sized Banks

Former BRS MP B Vinod Kumar has called on the Centre to address the impact of a ransomware attack on technology service provider C-Edge Technologies, which has disrupted payment services for customers of approximately 300 small-sized banks nationwide. The attack has largely affected cooperative and regional rural banks.

Former BRS MP B Vinod Kumar has called on the central government to urgently address the disruption caused by a ransomware attack on C-Edge Technologies. This cyberattack has left customers of around 300 small-sized banks across the country unable to access essential payment services, including cash withdrawals at ATMs.

Kumar, who previously represented Karimnagar in Telangana, emphasized the need for prompt governmental intervention to resolve the issue. The affected financial institutions include cooperative banks and regional rural banks that rely on C-Edge Technologies, a joint venture between SBI and TCS.

Officials confirmed that, while some services remain operational, the cybersecurity incident has notably impacted clients' ability to perform basic banking operations. The scope of the disruption highlights vulnerabilities within smaller banking entities concerning their reliance on third-party technology providers.

(With inputs from agencies.)