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syed musaib mujtaba,By resetting the box gets fixed for while due cids service restarted and based in your issue seems to be a problem with that service. In this case I would suggest you is to freshly reimage the device or try latest soft 7.0(9)E4.Pa...
Syed, What is IPS and putty versions?, I know you have tried with another SSH client but please try latest putty version and let me know how it goes. Johan,Cisco TAC Support EngineerSecurity/FW/IPS Team