Microsoft is going to end support for Windows XP operating system in April but according to NCR, the world’s largest ATM maker, two third of the world’s 2.2 million ATM machines will still be running old Windows XP.
However, in order to keep these ATMs safe from hackers and intrusion, major banks have entered into agreements with Microsoft for extending their customer specific support beyond the deadline when Windows XP retires next month i.e April 8.
According to Reuters, five of the largest UK banks, Royal Bank of Scotland, Lloyds Banking Group, Barclays, HSBC and Santander UK have either entered into extending support agreements or are in the process.
And this extension in support comes at a price for the banks because each bank is likely to pay $100 million for this extended customer specific support, technology consulting firm SunGard Consulting said.
Banks were probably busy with meeting the strict regulatory requirements as a result of financial crisis of 2007-2008 and did not take the notice from Microsoft seriously. Microsoft first announced the end of life for Windows XP in 2007.
Presently 95 percent of the World’s ATMs are on Windows XP and one-fifth of the World’s ATM machines, i.e 440,000 are in the US.