In what could signal a major risk for
PSU bank ATMs, the government on Friday indicated that nearly 74% of
the machines are running on outdated software. The statement on
state-run banks came in response to a query in the Parliament on ATMs
running on software that was outdated or unsupported. Notably, these
machines may be vulnerable to fraud, due to lower security features.
Earlier, the Reserve Bank of India
had issued a circular directing all banks in India to upgrade their
software by June 2019. According to the directive, all banks operating
in the country – both public and private must shift from the Windows XP
platform on their ATMs by June 2019. The missive from the RBI, as per its circular dated June 21, comes exactly four years after Microsoft announced in 2014 that all the versions of the venerable Windows XP build are deemed discontinued.
While this meant that the
Redmond-headquartered giant would no longer push out any security
updates or patches to the operating systems, more than half of the
country’s banks did not migrate from Windows XP on their ATMs, rendering
them vulnerable to potential cyber threats.
The circular issued by the apex bank
regulatory body outlines the vulnerability ‘arising from the banks’ ATMs
operating on unsupported version of operating system and
non-implementation of other security measures’. It thereby reminds the
banks to refer to a confidential memorandum that was sent to them in
April last year. In addition to the mandate on OS upgrade, the banks
have been informed by RBI to implement other security measures such as
overhauling BIOS password for all the ATMs, disabling USB ports, and
applying the ‘latest patches of operating system’ among others.
The ATMs that are still running
Windows XP or other unsupported versions of the operating system must be
upgraded to the latest OS counterpart in a phased manner. While
September 2018 has been set as the deadline for at least 25 per cent of
ATMs to be upgraded, 50 per cent of them needs to run the latest version
by December 2018. The entire line of ATMs operating in India must be
updated to the newest version by June 2019.
Source- Financial Express
Source- Financial Express
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