FCA fines Tesco Bank £16.4m after 2016 cyber attack

'Customers should not have been exposed to the risk at all'

Mike Sheen
clock • 2 min read

The Financial Conduct Authority (FCA) has fined Tesco Bank £16.4m for its failure to adequately protect customers from a 2016 cyber attack, which saw fraudsters claim over £2.2m worth of transactions over a 48-hour period.

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