Cyber attack: RBI asks banks to shut down ATMs till software is updated


Mumbai, May 15 (FE Online): The RBI has directed banks to operate their ATMs only after the installed computer systems have received a special Windows update to protect them from a malware impacting systems across the world. This directive comes in the wake of global system outages due to WannaCry ransomware.

“RBI has asked banks to update specific Windows patches on ATMs urgently and not to operate ATM machines unless updates are in place,” Times of India (ToI) reported quoting an unnamed official with a public sector bank. Banks have passed on the directive to their management service providers. ATM operators, however, say that there is no threat to customer data or money.

“The objective of ransomware is to shut down critical information in networks and prevent access to this data. In the case of ATMs, there is no data stored in the machine. Neither is there storage of any kind of logic that will block transactions. Even if a machine were to get affected it can be reformatted and put to use immediately,” Manohar Bhoi, president (technology) at Electronic Payments and Services — a management services firm that handles ATMs for public sector banks — told ToI.

Applying software patches is done by the vendors who supply the ATM and according to Bhoi, this can be done remotely and usually the vendors run their tests on the patch before an update.

 

  

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Comment on this article

  • Vincent Rodrigues, Katapadi/Frazer Town,Bangaluru

    Tue, May 16 2017

    Nothing better to the common men in facing cash crunch

    DisAgree Agree Reply Report Abuse

  • Dev, Mangalore

    Mon, May 15 2017

    The dangers of keeping all your eggs in one basket or keeping all in digital mode is going to be more & more risky for the same reason.
    A Good Economy should be flexible with all the modes only will help lessen the burden or to avoid pitfalls of these crashes.
    India has weathered most of the economic crises before as its base is set up on sound economic platform. India will be better off instead of blindly following Western Nations in everything.

    DisAgree [1] Agree [12] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, May 15 2017

    India is most affected because we are still stuck with Windows XP ...

    DisAgree [5] Agree [11] Reply Report Abuse

  • A. SHETTY, Balmatta, KSA

    Mon, May 15 2017

    MR. JOSHI AND EMRAN,

    I have been reading your comments on regular basis. Cyber attack is done more than 100 countries recently. IE 1/3 of total countries. I think you people need to think 100 times before making such comments.

    DisAgree [4] Agree [16] Reply Report Abuse

  • Vijay, Mangalore

    Mon, May 15 2017

    for problems such as this one many Senior people who have dealt with the banks via traditional mode all their lives do not want to change or upgrade their accounts to Digital one such as availing the SMS facility,internet banking,ATM or credit cards,updating their mobile no.s to the bank account etc. They still prefer to deal with the older banking process.

    DisAgree [3] Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, May 15 2017

    Does that mean Digital India too has flopped ...

    DisAgree [14] Agree [28] Reply Report Abuse

  • Prasanna, Bajpe/Mangalore

    Mon, May 15 2017

    Jossey
    Forget it man this is beyond your Deliberation....

    DisAgree [10] Agree [8] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, May 15 2017

    Prasanna,
    Can you explain why India is topping the list ...

    DisAgree [2] Agree [11] Reply Report Abuse

  • Subhash Chandra, Mangalore UAE

    Tue, May 16 2017

    Dear jossy.
    Wanna cry ransomware affects only windows 7 systems that will decrypt your file after you pay 300$ ..came with a set of leaked NSA exploits.

    DisAgree [2] Agree [3] Reply Report Abuse

  • JK, Udupi/Dubai

    Mon, May 15 2017

    START TAKING DAILY BACKUP OF DATA.

    DisAgree Agree [5] Reply Report Abuse

  • IT guy, new york

    Mon, May 15 2017

    What makes you think that IT people are so dumb to not do that..

    DisAgree Agree [11] Reply Report Abuse

  • sri_elder, Karkala

    Mon, May 15 2017

    We have seen 90% of Indian households have more money at home than minimum atm can store...

    DisAgree [11] Agree [6] Reply Report Abuse

  • Emran, Mangalore/KSA

    Mon, May 15 2017

    Effect of Digitalization....

    DisAgree [12] Agree [16] Reply Report Abuse

  • Shibu, Dubai

    Mon, May 15 2017

    First time since 70 years...

    DisAgree [8] Agree [27] Reply Report Abuse


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