questionText: 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.
answerText: 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. 
heading: Electronic Funds Transfer: Hacking