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FCA penalizes Tesco Bank GBP 16.4 mln over 2016 cyber-attack

News | Digital Identity, Security & Online Fraud | 02 Oct 2018

Tesco’s banking division has to pay a GBP 16.4 million fine over a 2016 cyberattack that led to customer losses of GBP 2.5 million, according to FCA’s ruling.

Tesco Bank, FCA, fine, data breach, cyber attack, UK, fraudulent transfers, bank accounts