Banks urged to upgrade ATM systems before April 8


Posted at Mar 19 2014 05:25 PM | Updated as of Mar 20 2014 02:39 AM

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is reminding banks to upgrade operating systems of their ATMs  to ensure security of customer information.

BSP deputy governor Nestor Espenilla Jr. said a memorandum circular will be issued soon to urge banks with systems running on Windows XP to immediately upgrade or replace Microsoft's support before April 8.

Microsoft is set to cut off support and security updates for the software on April 8, which means systems, including automated teller machines (ATM), that run on Windows XP may be vulnerable to cyber attacks.

"Windows XP’s service life is ending. Under technology risk management framework, you should mind that. In other words, you should take action to replace software," Espenilla said.

"That’s the cost of doing business. You can’t operate in an unsafe manner," he added.

According to the world’s biggest ATM manufacturer NCR Corp., about 95 percent of the world's ATMs use Windows XP.

Microsoft has decided to focus its resources to more recent projects, which may affect software support for Windows XP.

In an advisory posted on its website, the technology giant encouraged customers to either upgrade or replace their computer to adopt to a newer version of Windows.