The Reserve Bank of India (RBI) has asked all banks to put in place a software update at automated teller machines (ATMs) to prevent their systems from a malware that has attacked payment systems across the world. ATMs, which run on old version of Microsoft’s Windows operating system, are highly vulnerable to such malware attacks. As per the RBI advisory, old ATMs will have to run a software update before they can be accessible to customers. It has been reported that a new ransomware ‘WannaCry’ is spreading widely, RBI advisory to the banks said. Regarding the RBI directive to banks on software updates of ATMs, Pradeep Oommen, CEO, Bijlipay, said, “this directive will have two pronged impact.

Source: Indian Express May 15, 2017 20:30 UTC