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Tesco Bank fined £16m over 2016 data breach

UK's financial regulator has fined Tesco Bank £16.4m for the data breach that occurred back in late 2016. According to the Financial Conduct Authority's (FCA) official statement, Tesco Bank is being ... read more

FCA fines Tesco £16m for cyber breach

The FCA said the attackers “exploited deficiencies in Tesco Bank’s design of its debit card ... but it did not involve the loss or theft of customers’ personal data. Realeyes raises $12.4m to fund ... read more

Financial Conduct Authority fines Tesco Bank £16.4m over 2016 security breach

Tesco had been forced to suspend online and contactless transactions in the immediate aftermath of the breach as it probed the root cause. The fine, made public today, is for the bank ... in fines by ... read more

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Tesco Bank FCA fine proves its not just the ICO that will fine companies for security breaches, say lawyers

Organisations will increasingly face heavy fines from multiple authorities for security breaches, lawyers at London law firm Fieldfisher have warned. Judy Krieg, a partner in the Privacy, Security ... read more


Tesco Bank fined £16.4m over cyber attack

Tesco Bank has been fined over £16m for failures which allowed cyber attackers ... they engaged in thousands of unauthorised debit card transactions, the FCA said. Over £2 million was stolen from the ... read more

Data breaches reported to FCA have risen 480% from financial services firms

The number of data breaches ... the number of data breach reports, rising to 25 in 2018 from only one in 2017. This should raise concerns about the number of cyber criminals targeting bank accounts. ... read more

Biggest data breach penalties for 2018

2018 has already seen companies hit with sizable fines ... of a data breach is around $148 and IBM has put the cost of multi-million record megabreaches at hundreds of millions of dollars, the company ... read more

FCA To Hold Firms To Account For 'Foreseeable Harm'

The FCA ... cause." Tesco Bank was fined in September for failing to exercise due skill, care and diligence in protecting personal current account holders against a cyberattack that affected ... read more

UK sees a fivefold increase in number of financial firms reporting data breaches last year

Banks saw a 25 per cent rise in data breaches in 2018 according to the ... Santander and Royal Bank of Scotland were affected. Tesco Bank was also affected, and was fined £16.4million by the FCA in ... read more

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

Tesco Bank has been fined £16.4 ... of intent from the 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 ... read more

Tesco Bank Hit With Landmark £16M Fine For Cyberattack

Law360, London (October 1, 2018, 2:16 PM BST) -- Tesco Bank has been fined ... for reporting information breaches, nearly four months after Europe’s General Data Protection Regulation — which exposes ... read more

FCA fines Tesco £16m for cyber breach

The FCA said the attackers “exploited deficiencies in Tesco Bank’s design of its debit card ... but it did not involve the loss or theft of customers’ personal data. ... read more



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