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Tesco Bank £16.4 Million Penalty: 2016 Cyber Heist Findings

Calendar Oct 01, 2018 • User Avatar Anthony Pell
1 min read
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Topics Covered

security advisory data breach cyber attack financial regulation penalty
Tesco Bank has been fined £16.4m by the UK’s financial regulator for deficiencies which allowed hackers to steal millions from its customers in 2016. Online attackers bagged £2.24m in the November raid two years ago, in what the lender described as “sophisticated criminal fraud.”

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