RBI Warns 74% Of ATM Fraud Risks
New Delhi- Automated Teller Machines (ATM) outdated software is operating in public sector banks. This can lead to people becoming cheating easily. This information has been released in response to a question asked in parliament last week.
Currently there are more than 2 million ATMs in India, of which around 70% are operating on Windows XP software. It is worth mentioning that the Microsoft company has stopped supporting such software since 2014.
It is worth mentioning that in June last year, the Reserve Bank of India had advised all banks to upgrade all their ATMs by June-2015. If this is not done then action will be taken against them.
Banks were told by the Reserve Bank that they would gradually upgrade the operating system version by June-2015 and complete all other safeguarding measures by August of this year. The Reserve Bank further said that this kind of negligence damages consumer interests.
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