Central Banking

Hacker fears prompt security check for Bacs

UK - The bank system that runs direct debits and electronic payments, Bacs, is reviewing its security amid calls for tighter protection against hackers.

Concern has arisen about the strength of security for the Bacstel direct access service, used by more than 40,000 companies.

Internal documents leaked to a specialist magazine, Computer Weekly, show Bacs was warned as long ago as 1996 by its own IT department that it needed to improve security.

A year later an audit by accountants Deloitte & Tou

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