On the day that Microsoft ends tech support for the Windows XP operating system, research from RBR suggests that hardly any European ATMs have been upgraded to Windows 7.
Running XP on an ATM isn't necessarily a problem since the users don't have access to email and web browsers to get tricked into downloading malicious software. As long as the machines have properly configured firewalls and aren't running any unnecessary
services they should be safe enough.
Is this a surprise to anyone? Banks have been awful at embracing technology and moving with the times. Just spend 5 minutes on this website and we see so many stories confirming this. This is just another one....
Despite not embracing the latest shining technology, banks spend more on IT than any other industry, as the balance sheet of many IT services companies would attest. Despite spending so much on IT, financial services is the most
profitable sector in FORTUNE 500. Banks must be aware of some secret sauce of how to extract the maximum value from technology. As an aside, why's nobody talking about Windows Vista, which came in between XP and 7?
© Finextra Research 2015