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.
Tesco Bank failed to exercise due skill, care and diligence in protecting its personal current account holders in a "largely avoidable" attack that saw cyber criminals exploit deficiencies in the design...
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