[Ilugc] [OT]34, 115 Indian PSU bank branches are at risk due to their reliance on Windows XP
- From: raju.rajsand@xxxxxxxxx (Rajagopal Swaminathan)
- Date: Wed, 5 Mar 2014 14:30:42 +0530
Greetings,
Surprised that this thread got resurrected after more than a quarter
(I mean three months).
On Wed, Mar 5, 2014 at 4:50 AM, Madan U Sreenivasan <madanus at gmail.com>
wrote:
Is there some kind of insurance against losses that incur from new
technology adoption? Does that cover linux?
Recently I had pointed out an instance where my passbook balance had
shrunk by 5000 after I withdrew 600. The Branch manager had no clue
whom to contact. eventually they got sorted it though. basically it
was not printing few lines.
Linux may be found in some of the core DB Backends.
But smaller banks heavily rely on Windows.
Turning the question around - are the banks insured against losses arising
from bugs/malfunction of their software?
Actually many banks have no clue regarding program / data insurance.
They leave it to their vendors.
Or is it a risk vs reward balance
for them in adopting new technology?
Mostly, yes.
Anyways, RBI is evelving many best practices guides in this regards.
In any case I am not in touch with this topic for over 11 months or
so. (The report was submitted last Holi)
--
Regards,
Rajagopal
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