0:01
well before we wrap Edge Technologies a
0:04
joint venture between TCS and SBI has
0:07
been hit with a ransomware attack the
0:10
npci has slacked the Cyber attack and Ru
0:12
Singh is joining us now with more
0:14
details Ru give us a sense about the
0:16
impact of this ransomware attack and its
0:18
potential uh damage that it could do uh
0:23
framework well what we've learned so far
0:25
is npci confirming in a statement that
0:28
cedge Technologies which is a tech
0:30
service provider that caters
0:32
predominantly to cooperative and
0:33
Regional rural Banks has been
0:35
potentially compromised by a ransomware
0:38
attack now this attack has affected
0:40
several of sea edges systems npci said
0:43
which has led npci to take precautionary
0:46
measures to mitigate any broader impact
0:48
on the financial ecosystem we've also
0:50
been given to understand from our
0:52
sources who were directly aware of the
0:54
matter that this attack has impacted
0:56
more than 200 cooperative and Regional
0:59
rural Banks so far at least that is the
1:01
initial estimates that the system is
1:03
working with because for these Banks the
1:05
system were hosted by CH Technologies
1:08
and therefore the attack on CH has
1:10
impacted these systems as well now CH
1:13
just for background is a joint venture
1:15
between TCS and State Bank of India and
1:18
it is a technology infrastructure and
1:19
service provider to financial
1:21
institutions and in an official
1:23
statement NPC also disclosed that it has
1:26
now temporarily isolated CHS
1:28
Technologies from accessing the re
1:29
detail payment systems that npci
1:32
operates the isolation measure npci said
1:35
is intended to prevent any further
1:37
spread of the ransomware and to ensure
1:39
that the security of the national
1:41
payment structure is intact now as a
1:43
result of this customers of these 200
1:46
Old Banks which are serviced by CS
1:48
Technologies are going to be unable to
1:50
access Payment Systems during this
1:52
period npci did add that restoration is
1:55
underway on a war footing along with C
1:57
Edge and necessary Security review proc
1:59
processes are also in place and it added
2:02
the connectivity to the affected banks
2:04
will be restored at the
2:09
earliest right Ru thanks a lot for that
2:12
update but that's all the time that
