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Federal Financial Institutions Examination Council agencies issue Windows XP warning

With six months to go to the date when Microsoft stops supporting Windows XP, the US Federal Financial Institutions Examination Council (FFIEC) agencies (Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, Consumer Financial Protection Bureau, State Liaison Committee) have issued a briefing note on the subject.

The ‘Joint Statement: End of Microsoft Support for Windows XP Operating System’ warns regulated organizations to take the issue seriously and to take measures to identify, assess and act upon Windows XP migration risks to ensure that “safety, soundness, and the ability to deliver products and services are not compromised”.

The statement says that the discontinuation of support for Windows XP could present operational risks to financial institutions, technology service providers (TSPs), and to activities supported by other third parties.

Impacted operational areas will include personal and desktop computers, servers, and purpose-built devices such as automated teller machines (ATM).

Potential problems include degradation in the delivery of various products and services, application incompatibilities, and increased potential for data theft and unauthorized additions, deletions, and changes of data. Additionally, financial institutions and TSPs that
are subject to the requirements of the Payment Card Industry Data Security Standard (PCI DSS) and continue to use XP after April 8, 2014, may no longer be compliant.

Read the statement (PDF).

•Date: 9th October 2013 • US •Type: Article • Topic: ICT continuity

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