Banks face ATM security threat as Microsoft cancels system updates

Computer giant Microsoft said it will discontinue software updates for Windows XP, prompting fears that ATMs at banks worldwide will be vulnerable to security threats.

Computer giant Microsoft said it will discontinue software updates for Windows XP, prompting fears that ATMs at banks worldwide will be vulnerable to security threats.

After 8 April, many banks machines using the operating system will be open to any new viruses or other threats that could come after that time.

Approximately 29% of computers worldwide still use Windows XP and these machines could freeze or shut down, leaving customers in the lurch.

Nevertheless, Microsoft says that it has given due warning to businesses and spokesmen from the banks said that they are confident there will be no disruptions.

The firm also said that limited anti-malware support will continue until mid-2015.

Microsoft’s Malware Protection Centre recently stated: "Microsoft has announced the Windows XP end of support date of April 8, 2014.

"After this date, Windows XP will no longer be a supported operating system."

"To help organizations complete their migrations to a new operating system, Microsoft will continue to provide updates to our antimalware signatures and engine for Windows XP users through 14 July, 2015."

"Our research shows that the effectiveness of anti-malware solutions on out-of-support operating systems is limited."

"Running a well-protected solution starts with using modern software and hardware designed to help protect against today’s threat landscape."

Companies that are not planning to upgrade to at least Windows 7 could face many technical and safety issues.