Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the (a) likelihood and (b) impact on the banking sector of a payments system being hacked by a hostile actor; and what contingency plans his Department has put in place for this.

This question was answered on 24th October 2023
In fulfilling its role as lead government department for the finance sector, HMT assesses a range of risks that might have an impact on the functioning of the sector. The department has published several risks in the 2023 National Risk Register.