Tesco Bank facing £30m fine from FCA over 2016 cyber attack

Tesco Bank could be fined as much as £30 million over its 2016 cyber attack that compromised the accounts of at least 40,000 of its seven million customers.

The attack in November 2016 is one of the most serious ever on a UK retail bank, with money stolen from 20,000 accounts over one weekend – some customers seeing as much as £2,000 siphoned off.

Tesco Bank shut down online transactions for two days in response and had to pay back around £2.5 million to customers.

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Source: Computing.co.uk