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LATEST NEWS UPDATES | Your neighbourhood ATM may turn into a hacker's paradise -Shelley Singh

Your neighbourhood ATM may turn into a hacker's paradise -Shelley Singh

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published Published on Dec 13, 2016   modified Modified on Dec 13, 2016
-The Economic Times

NEW DELHI: The next time you queue up at the ATM for cash—an experience that has become increasingly onerous since demonetisation— it’s not just the long wait that should worry you. There’s a high probability the cash dispenser runs on software Microsoft stopped supporting more than two years back, thus making it vulnerable to hackers. Card details could be stolen—as they indeed were earlier this year--even as you fret about what to do with the solitary Rs 2,000 note the machine dispenses, if you’re lucky.

About 70% of the 202,000 ATM machines in India run on Windows XP, for which Microsoft stopped offering security updates, patches and technical support in April 2014.

“Resilience of the ATMs is low as Windows XP is no longer supported by Microsoft. That means there are no bug fixes, no patches and ATMs are not upgraded to cope with vulnerabilities,” said Vivek Belgavi, partner and leader, fintech, PricewaterhouseCoopers (PwC).

ATM provider NCR said it's up to the banks to upgrade the software. “Responsibility lies with the banks to upgrade from Windows XP to Windows 7, as has been done globally,” said Navroze Dastur, managing director, NCR India There’s cause for worry, said Altaf Halde, managing director of cybersecurity company Kaspersky Lab. “We have come across malware in unsupported Windows XP systems,” he said. “Almost 75% of ATMs in India use unsupported Windows XP.”

It was revealed in October that 3.2 million Indian debit cards were compromised in one of the largest breaches of financial data in the country. An investigation into the matter is ongoing but the leak may have originated in the use of the cards at the ATMs of a particular bank that had its backend system hacked, according to reports.

Most ATMs in India are not owned by banks but by payment technology and service providers like Financial Software and Systems (FSS) and FIS Global.

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The Economic Times, 12 December, 2016, http://economictimes.indiatimes.com/industry/banking/finance/banking/your-neighborhood-atm-may-turn-into-a-hackers-paradise/articleshow/55930006.cms?utm_source=f


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