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Tesco Bank Suffer The Largest Ever FCA Fine For Cyber Attack

16 November 2018by Abdallah Alhajeid

Tesco Personal Finance plc (Tesco Bank) has been fined £16,400,000 by the Financial Conduct Authority (FCA) for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber attack in 2016. Deficient cyber security controls On the 1st October, the FCA announced that in 2016, cyber attackers exploited deficiencies in...