FFIEC Warns Banks Microsoft is Pulling the Plug on Windows XP
American Banker, October 8, 2013 3:46 pm ET, By Sean Sposito
Banks still using Microsoft’s Windows XP operating system had better beware, the Federal Financial Institutions Examination Council announced this week.
The confederated regulatory agency said in a statement today that the discontinuation of support (also known as end of life) for the Microsoft Windows XP operating system could present operational risks to financial institutions, technology service providers, and to activities supported by other third parties.
Effective April 8, 2014, Microsoft will no longer market, support, or provide regular security patches for XP. “The Office of the Comptroller of the Currency (OCC) expects national banks, federal savings associations, and their TSPs to identify, assess, and manage these risks to ensure that safety, soundness, and the ability to deliver products and services are not compromised,” said Carolyn G. DuChene, the Deputy Comptroller for Operational Risk at the OCC, in the notice.