Feeds

Microsoft fears XP could cause Indian BANKOCALYPSE

Up to 70 per cent of public banks could still be using ancient OS

Providing a secure and efficient Helpdesk

The Indian banking industry could be facing a partial meltdown after Microsoft revealed new research claiming over 34,000 publicly-funded bank branches are still reliant on Windows XP.

The report from Ascentius Consulting revealed that XP penetration in the banking sector is at 40-70 per cent. Some 34,115 branches were singled out as at risk, with just under 100 working days left until the migration deadline.

Ascentius estimated that it will take banks between four and six months to move onto a newer version of Windows, meaning time is getting a bit tight before – the hard deadline being April 8 2014.

Microsoft warned that large numbers of branches could find themselves unable to serve their customers, especially in rural and semi-rural areas.

It added that in urban areas waiting times for some could be up to 30 minutes longer for simple transactions.

More importantly, resulting business losses for the sector could hit Rs.1,100 crore (£108.6m) every day. A major incident taking down systems for three days could mean financial losses of Rs.330 crore (£32.6m), it added.

Driving the point home, Microsoft said failure to migrate would mean banks not being able to support biometric readers, leading to higher operational costs, longer waiting times and failure to enact government welfare schemes.

Microsoft India’s Windows GM Amrish Goyal also dropped the ‘c’ word* in a prepared statement:

We have been advising our customers to move off Windows XP for a long time now. There are a significant number of PCs out there that still need to be moved per a plan. The move to a modern OS like Windows 8.1 will not only alleviate the risks for users and businesses but will also open up opportunities posed by modern technology, like the cloud, for them Microsoft has of course been on a pretty major PR drive of late to get its loyal XP customers – especially the large and lucrative corporates – to move onto newer versions of Windows.

Redmond's latest Security Intelligence Report released last month claimed that users of the prehistoric OS were six times more likely to be infected than those on Vista, Windows 7 and Windows 8.

However, it’s not just Indian banks which are proving slow to respond.

A few months ago HP reckoned that around 40 per cent of UK businesses were still using XP. Meanwhile, The Channel has heard that at least ten major corporates with more than 5,000 seats will miss the migration deadline. ®

* Cloud. What else did you think we meant?

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
iOS 8 release: WebGL now runs everywhere. Hurrah for 3D graphics!
HTML 5's pretty neat ... when your browser supports it
Mathematica hits the Web
Wolfram embraces the cloud, promies private cloud cut of its number-cruncher
Mozilla shutters Labs, tells nobody it's been dead for five months
Staffer's blog reveals all as projects languish on GitHub
'People have forgotten just how late the first iPhone arrived ...'
Plus: 'Google's IDEALISM is an injudicious justification for inappropriate biz practices'
SUSE Linux owner Attachmate gobbled by Micro Focus for $2.3bn
Merger will lead to mainframe and COBOL powerhouse
iOS 8 Healthkit gets a bug SO Apple KILLS it. That's real healthcare!
Not fit for purpose on day of launch, says Cupertino
Netscape plugins about to stop working in Chrome for Mac
Google kills off 32-bit Chrome, only on Mac
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.