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All processed meat (not just bacon) has been linked (repeatedly) as a cause of cancer. And it's not just processed meats, but processed food in general. The best advice is to consume such foods in moderation. Eating them regularly will not do your health any good.
"There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult." - C.A.R. Hoare
Reading this about bacon that is linked to cancer of the stomach gave me such a fright I have decided I am going to give up on reading for good! It is so bad I just cannot take the risk of reading horrors like this