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Lack of strong laws makes ATMs vulnerable to cyber attacks

The country needs a dedicated digital payment law and a cybersecurity framework

Lack of strong laws makes ATMs vulnerable to cyber attacks

India needs a legal framework to direct banks to safeguard their infrastructure against cyber attacks, say experts, as a large number of the country’s 200,000-plus ATMs run on an outdated software of Microsoft.  Since April 2014, Microsoft has not been offering support for machines running on its Windows XP platform, making devices vulnerable to cyber attacks by hackers. But, banks continue to operate ATMs running on the defunct software putting to risk the banking ecosystem, besides data and money of millions of customers.  “The absence of ...