Bacs extend security deadline as thousands of Businesses were at risk of being unable to process payments.
The SHA-256- SSL updates were due to be implemented today on the 13th of June 2016, however it came to the attention of Bacs that there were too many businesses that were due to be locked out of processing payments. This then forced the global update deadline to be pushed back to the 19th of September 2016.
A spokesman from Bacs said, “We have been telling businesses about these changes for well over a year, and we’re really disappointed that some haven’t taken us seriously. This is the last chance for them to do so – if they don’t make the necessary upgrades by the new deadline, they won’t be able to use Bacs to pay staff or their suppliers; they’ll have to make other arrangements”, Mike Hutchinson
The changes that Bacs mentioned is regarding a more sophisticated level of internet security, known as SHA-2. SHA (Secure Hash Algorithm) is a set of cryptographic hash functions designed by the NSA (U.S National Security Agency). Cryptographic hash functions are mathematical operations run on digital data; by comparing the computed “hash” (the execution of the algorithm) to a known and expected hash value, a person can determine the data’s integrity.
Why are the changes needed?
Bacs stated that the changes needed to be made in order to maintain a higher level of security and keep up to date with the ever changing Internet security. This was all part of the discontinuation of the old SHA-1 certificates. As after the 19th of September Bacs will no longer be supporting these and businesses who fail to act will have to make alternative arrangements to process their payment files as they will be locked out. The latest press release from Bacs has stated that there will be no additional extension to the deadline so any business that has not acted should contact their solution supplier to ensure they will be supported by the time the new deadline comes around.
What have Interbacs done about it?
In terms of Interbacs, we have ensured none of our customers have been affected by these changes. They will be able to continue to use their software as normal. For any direct submitters reading this article who haven’t contacted their software supplier then now is the time to do so to see how these changes may affect you. Or alternatively if you are looking for a new solution supplier then please do not hesitate to get in touch with one of our friendly advisors.
You can contact us by emailing sales@Interbacs.com or by calling our direct line on 08444 127 180 selecting option 1. You can also find additional information and updates on our social media pages, LinkedIn, Twitter, Facebook and Google+.
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