Credit Unions Running ATMs on Windows 7 Must Switch to Version 10

Microsoft’s Windows 7 support will cease on Jan. 14, 2020. 

7/9/2019

Similar to the sunsetting of Windows XP, Microsoft’s Windows 7 support will cease on Jan. 14, 2020.  This means there will be no more security updates, application patches, or technical support.

Credit unions that are currently using the Windows 7 operating system for their ATMs could run significant risks if they have not converted over to Windows 10 before the support ceases. The risks of not converting to Windows 10 include potential cybersecurity risks, malware, or jackpotting. A study from the Windows XP ATM issue had shown that most ATMs in India were easy targets for hackers and malware attacks.

Credit unions that have not converted their ATMs from Windows 7 to Windows 10 are strongly encouraged to reach out to your vendor about the upgrade. With the deadline fast approaching, vendors may not have enough time to convert your ATM if you wait until the last minute.

Question of the Week

Q. What are Letters Testmentary?

A. Letters Testamentary is the written legal instrument by which a probate court approves the appointment of an executor/personal representative under a will and authorize the executor/personal representative to administer the state. Each state has its own provisions for issuing the Letters Testamentary or Letters of Administration.

Related Links

IDS 15-3-402 Formal Testacy and Appointment Proceedings

ORS 113.125 Letters Testamentary or of Administration

RCW 11.28.090 Execution and Form of Letters Testamentary

Legal Briefs

Consumer Financial Protection Bureau (CFPB)

CFPB issued a report on the extend of revolving in the U.S. credit card market.

Office of Foreign Assets Control (OFAC)

OFAC has updated the SDN list as of July 3, 2019. The last update prior to this was June 28, 2019.

Questions? Contact the Compliance Hotline: 1.800.546.4465; [email protected].