In a major setback for digital payments in India, C-Edge Technologies, a key service provider for UPI (Unified Payments Interface) and IMPS (Immediate Payment Service), has been hit by a ransomware attack. The incident has led to a temporary halt in transactions via these popular payment systems, causing widespread disruption for millions of users.
The ransomware attack, which occurred early this morning, compromised the security infrastructure of C-Edge Technologies, impacting the functionality of UPI and IMPS services. As a result, users have been unable to complete transactions or access their accounts through these platforms. The disruption has been felt across various sectors, including retail, banking, and personal finance.
C-Edge Technologies has confirmed the attack and is currently working with cybersecurity experts to assess the extent of the breach and restore services. The company has also initiated measures to enhance its security protocols to prevent future incidents. In the meantime, alternative payment methods are being recommended to users affected by the outage.
Authorities have been alerted, and an investigation is underway to track down the perpetrators and understand their motives. The incident underscores the growing threat of ransomware attacks on critical financial infrastructure and highlights the need for robust cybersecurity measures in the digital payment ecosystem.
The financial sector is closely monitoring the situation, and updates will be provided as more information becomes available. Users are advised to stay informed through official channels and exercise caution when conducting transactions.