Windows XP's April deadline could be a little too soon for banks
With less than a month to go before Microsoft ends support for Windows XP,
a lot of businesses have begun upgrading their systems to avoid crucial
productivity loss and also protect against security vulnerability. One
of the most important machines that need to be upgraded from Windows XP
on an urgent basis are ATMs, says a report by Bloomberg Businessweek.
Most alarmingly, Windows XP still powers most of the world’s ATM
machines- estimated to be about 95 percent – which puts your friendly
neighbourhood cash machine in grave danger of being used by hackers to
steal financial data. Microsoft plans to pull plug on Windows XP on 8
April, but will continue to support its security products through July
2015. However, the company has warned, “the effectiveness of antimalware
solutions on out-of-support operating systems is limited.”
The newer fleet of advanced ATMs will be capable of upgrading their
machines to a newer version of Windows through their network. On the
other hand, older ATMs will need to install the new version on the
machines one by one, says the report.
In India too a majority of public sector banks use XP for their ATM
machines and Microsoft said over 34,000 banks were in grave danger.
Amrish Goyal, General Manager of Windows Business Group, said at the
time that 50 percent of the Indian banking sector was still on Windows
XP in November. The size of the commercial PC market was estimated at 20
million for that period, which means a significant number of systems
were at risk then and presumably continue to be. If the banks do not
upgrade by the April deadline, they will face issues ranging from
security breaches to increased downtime and out-of-service situations.
Those looking to upgrade from Windows XP, here’s how you can take all your data.
