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AVOID WINDOWS XP SECURITY RISKS BY OUTSOURCING ONLINE PAYMENTS, SAYS LEADING FIRM

Published by Gbaf News

Posted on April 11, 2014

2 min read

· Last updated: June 14, 2018

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Security Risks After Windows XP Support Ends

The UK’s fastest growing business outsourcer has urged companies to protect themselves from data theft and payroll disruption by outsourcing electronic BACS payments, after Microsoft pulled support for Windows XP operating system this week.

Parseq wants to remove the headache Microsoft created for thousands of businesses in the UK by offering to make payments on their behalf using its own secure operating system.

Continuing to Use Windows XP Increases Vulnerability

Many businesses will be tempted to continue to use Windows XP – it is estimated one in five PCs worldwide run it – but they will be much more vulnerable to cyber attacks because no more security patches will be released, meaning that any new vulnerabilities will be open to attack.

This raises the spectre of personal and corporate data theft and disruption to payments for businesses going online to send electronic BACS transfers to staff, suppliers and HMRC.

Costly Alternatives and Migration Challenges

Paul Barrett, Business Development Director at Parseq, said: “Some banks and government departments are paying Microsoft millions of pounds to extend support and manage their migration to a new operating system securely.

Outsourcing Payment Processes as a Solution

“Many smaller organisations can’t afford to upgrade but also cannot accept the risk of security breaches. We are offering to remove the danger by handling payment activities using our own submission and payment generation software.

“It means businesses can sidestep the costs of software ownership and maintenance, and avoid the need to upgrade their OS until they are ready.”

Key Takeaways

  • Parseq urges businesses still on Windows XP to outsource BACS payments to avoid security vulnerabilities.
  • Microsoft has ended Windows XP support, leaving systems unpatched and exposed to cyber threats.
  • Outsourcing payments to Parseq enables companies to avoid OS upgrades while maintaining secure payment processing.
  • Parseq handles BACS transfers using its own secure system, removing the burden of software maintenance from businesses.

References

Frequently Asked Questions

Why is Windows XP still a risk?
Microsoft ended support for Windows XP in April 2014, so no new security updates are issued, leaving systems vulnerable to emerging cyber threats.
How does outsourcing payments to Parseq help?
Parseq processes BACS payments using its own secure infrastructure, avoiding exposure to XP security flaws and eliminating the need for costly OS upgrades.
What types of payments does Parseq handle?
Parseq handles BACS direct credits, direct debits, payroll and faster payments with enhanced validation and audit capabilities.
Does outsourcing reduce compliance risk?
Yes, Parseq’s systems offer validation, audit trails and exception handling to reduce fraud and ensure regulatory compliance.

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