(FirstPost)
Taking a serious note of slow progress by banks in addressing security issues, the Reserve Bank on Thursday gave them strict timelines to upgrade their ATMs or else face action. As per the timeline, banks have to implement a host of security measures by August and upgrade all ATMs with supported version of operating in a phased manner by June next year.
There were over 2.06 lakh ATMs across the country till February-end. In April 2017, the RBI through a “confidential circular” to banks had highlighted concerns about the ATMs running on Windows XP and/or other unsupported operating systems. The banks were also asked to put in place, with immediate effect, suitable controls enumerated in the illustrative list of controls.
