RansomEXX Attack That Hit 300 Indian Banks Was Facilitated By A 'Misconfigured Cloud Server'

The new ransomware, which took down Indian banks, is a highly-sophisticated variant of RansomEXX, is notorious for attacking high-profile organisations globally.

Homegrown Quick Heal Technologies Limited's preliminary analysis says that the security breach was enabled by an improperly configured Cloud-based system.

Source : Michael Geiger/Unsplash

The cybersecurity incident that that crippled around 300 Indian banks late on Wednesday, July 31, was a result of a ransomware attack on a key technology service provider for small banks named C-Edge Technologies. The ransomware has been identified as a new, highly sophisticated variant of RansomEXX, ABP Live has learnt. This ransomware is notorious for attacking high-profile organisations globally and has been lurking around since 2018. Homegrown Quick Heal Technologies Limited's preliminary