SBI And TCS Cyberattack Halts Operations Of 300 Companies | Paisa Live

A ransomware attack has targeted C-Edge Technologies, a service provider that is a joint venture between SBI and TCS. This cyberattack has significantly impacted cooperative banks and regional rural banks that rely on C-Edge Technologies for their operations. As a result, the operations of these banks have been disrupted. Despite the disruption caused to C-Edge Technologies, other banking services continue to function normally. The attack highlights the vulnerabilities in financial technology systems and underscores the need for enhanced cybersecurity measures. Efforts are underway to mitigate the effects of the ransomware attack and restore full operational capability for the affected banks. Further updates on the resolution of this issue are anticipated.