Britain’s markets watchdog has fined Tesco 16.4 million pounds ($21.4 million) for failing to protect account holders at its bank from a “foreseeable” cyber attack two years ago. The Financial Conduct Authority said that in November 2016 cyber attackers exploited …
British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s biggest financial cyber heist. Security officers normally …
The recent theft of money from accounts at retailer Tesco’s online banking arm caused the British authorities to enact contingency plans to allow lenders to share information after the attack, the Bank of England said on Wednesday. The bank also …
Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank. Tesco …
Britain’s National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented. New cyber crime agency National Cyber Security Centre (NCSC), a government …
Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it suspended online transactions after about 20,000 customers had money fraudulently taken from their accounts. About 40,000 of the bank’s 136,000 checking account holders experienced suspicious transactions over the …
