Microsoft Stops Security Updates on Old ATM Software

The software that 95 percent of all bank ATMs use is not going to be updated anymore come April.

If banks don't upgrade the software, a local software expert said it could make it easier for hackers to get to your money.

Starting April 8, Microsoft will stop issuing security updates for Windows XP, that means if a new hole or bug is found in the system, they won't fix it.

In this time of identity theft and fraud, it couldn't be more important to check in to see if your bank is making the switch sooner than later.

The world couldn't wait for that tiny cube computer to debut back in 1984, but now in 2014, hackers wait to prey on new advancements in software and lack of upgrading.

"There's speculation that there are exploits in Windows XP that hackers know about and know the date that Microsoft shuts off support so they can hack that," Dirk's Group of Wausau Operations Manager Jacob Hale said.

Hale said if your bank doesn't upgrade, a security breach is possible.

"Hackers could put key loggers on your system," Hale said. "They could be watching your system, watching what key strokes you put in to hack your passwords and get into your banking."

River Valley Bank Public and Relations Director Ellie Reineck said River Valley Banks are working on the transition and will upgrade in the next month.

"Banks are so heavily regulated that we try to get on the bandwagon as quickly as we can," Reineck said. "It's mostly because we're looked after."

Reineck said check with your bank to find out if it's making the upgrade.

"I don't think we need to be afraid," Reineck said. "We've got it under control, and people are doing the right steps where ATMs need to be."

While your bank probably needs to upgrade its software, and we all need to keep up with technology as it evolves, Hale said you don't need to be scared of fraud, just be cautious of how your money is protected.

"I don't think they should be too worried about it," Hale said. "But I do think though if you're a business, and you're still running (Windows) XP, and there's a reason you can't switch to something else, security measures should be put into place."

Hale also said while the security updates end on April 8, banks can continue to use Windows XP until 2016 while they make the transition to the new software.

NewsChannel 7 reached called US Bank, AbbyBank and Associated Bank Monday to see if they were planning on making the upgrade.

Associated Bank said they're aware of it and are making strides.

Stacy Retterath, AbbyBank Marketing, said they're aware of the changes and have taken their "own precautions." Their plan is underway and AbbyBank will take the next month to transition. Retterath also said AbbyBank has "numerous security measures on ATMs."

NewsChannel 7 is still waiting for a response from US Bank.


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