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Which companies just had a verified incident, who lends to them and who owns them. Every claim carries its evidence level and its source. How we decide what is confirmed

Global Financial Service Disruptions

C-Edge Technologies (about 300 Indian cooperative and regional rural banks)

core banking vendor · IN · South Asia · C-Edge Technologies Ltd. (SBI and TCS JV)

Confirmed cyberStatus: resolvedTier 1Severity 4 of 5Evidence confidence: highAnalyst-verified

A ransomware attack on core banking provider C-Edge Technologies led NPCI to cut it off from retail payment systems on 31 July 2024, leaving about 300 small Indian banks without UPI, IMPS or ATM service. NPCI restored connectivity on 1 August after a security review.

First disruption
Jul 29
First public signal
unknown
Acknowledged
Jul 31
Restored
Aug 1
Duration
not established
DFX first recorded
Nov 5 14:58 UTC

What was restricted

instant paymentsatmtransfers outScope: multi institution

Customers of about 300 cooperative banks and RRBs (including 17 Gujarat district cooperative banks) unable to use UPI, IMPS or ATMs.

Cause, kept in separate layers

What the institution said
Ransomware on C-Edge systems hosted in its own data centre; NPCI isolated C-Edge from retail payments
DFX classification
Confirmed cyber (cyber: confirmed)
Conflicting reports
NPCI informed on 26 Jul; some reports place outage start 29 Jul; affected count 200 to 300.

Dependencies

A dependency is a documented relationship. It is not evidence that the provider was compromised.

  • Provider: C-Edge Technologies (core banking and payment switch provider), verified

Evidence