The Reserve Bank of India (RBI) issued notice to banks on 19 March 2014 to take measures to counter the threat expected to arise from discontinuation of Windows XP from 8 April 2014.
Microsoft the maker of the Windows XP operating system will be withdrawing support for the operating system from 8 April 2014. Microsoft introduced Windows XP in October 2001.
The withdrawal of Windows XP means that no updates and patches for bugs will be issued by the Microsoft. As a result, the banking system of India largely running on Windows XP may become vulnerable to viruses and other cyber attacks.
However, Indian Banks Association (IBA) has said that banks are well prepared to tackle the threat arising from the discontinuation of Windows XP. Thus, neither branches nor cash vending machines will be shut down once Microsoft stops support to the system from April 8.
What: issued notice to banks
When: 19 March 2014