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Fca Fines Tesco Bank For Data Breach - Latest News


Tesco Bank hit with £16.4m fine for 'largely avoidable' cyber attack

The financial watchdog has slapped a hefty £16.4m fine on Tesco ... The Financial Conduct Authority (FCA) said the bank had failed to exercise "due skill, care and diligence in protecting its personal ... read more

Tesco Bank faces huge fine as FCA gets tough over cyberattacks

Tesco's banking arm is facing the City regulator's biggest-ever cyberattack-related fine two years ... while no customer data was compromised. A legal source said on Monday that Tesco Bank was contest... read more

Tesco Bank fined £16.4m over 'avoidable' cyber heist

Tesco’s financial ... cyber security breach at a UK bank, which was also the subject of a criminal probe by the National Crime Agency. Executive director of enforcement and market oversight at the FCA ... read more

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COMMENT: Tesco Bank fined £16m over 2016 cyber attack

Tesco Bank has reached a settlement this morning with the FCA to pay £ ... limit their exposure to fines. Financial losses due to non-compliance have the potential to outstrip what it would have cost ... read more


3 tips for managing travel data breaches

Since GDPR and the UK Data Protection Act 2018 came into ... this was still just a slap on the wrist when compared to Tesco bank’s recent fine. In stark contrast, Tesco bank was fined £16.4 million by ... read more

ICYMI - Cyber Insurance Stress Tests Look to Future

Financial and reputation damage from cyber attacks, therefore, are beginning to come with painful price tags (in fact the Tesco Bank fine could have been as high as £30m until the FCA was convinced .. ... read more

Tesco Bank faces huge fine as FCA gets tough over cyberattacks

Tesco (Frankfurt: 852647 - news) 's banking arm is facing the City regulator's biggest-ever cyberattack-related fine two ... no customer data was compromised. A legal source said on Monday that Tesco ... read more

Tesco Bank fined £16.4m over cyber-attack that put customers at risk

Tesco Bank ... FCA and of massive concern to the wider banking sector. ‘But alarm bells should also be ringing in the boardrooms of any business which handles large volumes of customer data, not just ... read more

Tesco Bank fined £16.4m over cyber attack

Tesco Bank has been fined £16.4m by the City watchdog over a "largely avoidable" cyber attack on the lender, in the first penalty of its kind. The Financial Conduct Authority (FCA ... theft or loss of ... read more



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