ATMs machines in India are running on high fraud risk and as high as 74 per cent of these machines are running on outdated software.
The banking regulatory authority Reserve Bank of India also issued a circular directing all banks in India to upgrade their software by June 2019.
This alarming statement came in response to a query in the Parliament pertaining to ATMs and the software it was running. 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.
“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,” said RBI’s directive to all banks operating in the country.
