Security 500 conference     

 Don’t miss the networking event of the year for security executives!
Register today for the Security 500 Conference.

Access Management / Banking/Finance/Insurance

Bank ATMs Face End of Security Support

March 4, 2014
KEYWORDS ATM theft / PINs / theft
/ Print / Reprints /
ShareMore
/ Text Size+

An estimated 95% of American bank ATMs run on Windows XP, and Microsoft is ending tech support for that operating system on April 8.

That means Microsoft will no longer issue security updates to patch holes in Windows XP, leaving those ATMs exposed to new kinds of cyberattacks.

If banks fail to upgrade their ATMs to a newer version of Windows by April, customers might be at risk, says CNN. If hackers discover new flaws in Windows XP, those bugs will go unaddressed, leaving attackers free to exploit them.

According to a CNN report, major banks are now cutting special deals with Microsoft to extend life support for their Windows XP machines while they replace their fleet of ATMs. "JPMorgan  bought a one-year extension of service and plans to start upgrading ATMs to Windows 7 at Chase banks in July. Citibank and Wells Fargo said they're also upgrading ATMs, but they wouldn't provide details about their plans. Bank of America did not respond to requests for comment."

Replacing the operating systems on ATMs is a major undertaking, CNN reports. In the United States, there are 210,500 bank ATMs, about 200,000 of which run on Windows XP, according to Retail Banking Research in London. In most cases, banks must upgrade the software one ATM at a time, and some will need the entire computer inside replaced too. Labor included, it's a process that experts in the ATM industry say could cost anywhere between $1,000 and $3,500 apiece.

One ATM manufacturer, Diebold, says banks are using this opportunity to add newer card readers to their ATMs that accept more secure chip-and-PIN cards. Those cards have already been adopted worldwide but have yet to grow popular in the United States, CNN says.

Banks that retrofit their ATMs with new hardware will, in the future, be able to upgrade their entire fleets of ATMs with a click of a button. Modern technology allows companies to push software updates via their networks instead of paying each ATM a physical visit.

Did you enjoy this article? Click here to subscribe to Security Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASIS 2013 Product Preview

ASIS International 59th Annual Seminar and Exhibits, September 24-27 in Chicago, Illinois, will include an exhibit hall packed with innovative security solutions. Here are some of the products that will be shown at ASIS this year.

Podcasts

Virtualization and Data Center Security: What You Need to Know for 2014

Data centers are increasingly becoming the center of the enterprise, and data center and cyber security is following the same path for security departments. According to Justin Flynn, a consultant at the Burwood Group, the virtualization of data centers allows enterprises to scale more easily and faster, with a smaller footprint.

However, hosting enterprise data in the cloud can make intrusion detection more difficult – how can enterprise security leaders team up with other departments to keep aware of cyber risks and traffic, and physical and data compliance during the virtual transition? How can CISOs and CSOs discuss cyber threats with the C-Suite to get the resources they need? And how can the proper infrastructure test and verify possible malicious attacks? 

More Podcasts

Security Magazine

September 2014

2014 September

In the September issue of Security Magazine, find out who this year's most influential people are in the security industry are. Also, take a peek at the technology products that ASIS 2014 will be showcasing at the upcoming event. Read about the lessons learned from security at the World Cup, find out why tactical medical training is a must for your enterprise and how Atlanta increased security by sharing surveillance.
Table Of Contents Subscribe

Adopting New Technology

How long do you wait before adopting a new technology?
View Results Poll Archive

THE SECURITY STORE

comptiahighriseproductphoto
CompTIA Security+ Certification Study Guide
CompTIA's Security+ certification is a globally-recognized, vendor neutral exam that has helped over 60,000 IT professionals reach further and higher in their careers. The current Security+ exam (SY0-201) focuses more on being able to deal with security issues rather than just identifying them.
More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Vertical Sector Focus: Critical Infrastructures

criticalhomepagethumbFrom terrorism to vandalism, it’s preparedness, response, training and partnerships. Learn about some of the critical security issues facing this sector.

Visit the Critical Infrastructure page to read more.  

STAY CONNECTED

Facebook 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube  LinkedIn logo 40px 2-12-13Google+