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FCA fines Tesco Bank for data breach

On 1 October 2018, the FCA fined Tesco Personal Finance plc (Tesco Bank) £16.4 million for failures relating to a cyber attack. Over a 48-hour period in November 2016, cyber criminals stole £2.26 mill... 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 ... cyberattack in 2016, the Financial Conduct Authority said Monday. It is the first time the City regulator has imposed a f... read more

Tesco Bank faces £30m FCA fine over cyber attack

Industry analysts have raised concerns about the size of the FCA fine, considering the 'limited' extent of the Tesco Bank breach and compared to the £500,000 penalty Equifax received over its large-sc... read more

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Cyber criminals boast on dark web about Tesco Bank breach

The Financial Conduct ... that Tesco shares data with. It is unlikely to have been the result of 'card-skimming' at cash machines, as other banks would have seen similar hacks, according to Wilson. "T... read more

Tesco Bank fined £16.4million for failing to protect customers during cyber attack

Tesco Bank says scammers made just 34 transactions and that the fraud did not involve the theft or loss of any customers’ data. The bank refunded all ... and market oversight at the FCA, said: “The fi... 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 ... data was compromised. A legal source said on Monday that Tesco Bank was contesting the scale of the FCA ... read more

Tesco Bank Hit With £16 Million Fine Over Debit Card Fraud

The FCA says that Tesco Bank violated Principle 2 of the standards that regulated financial firms must follow. "Principle 2 requires a firm to conduct its business with due skill, care and diligence," ... read more

Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £ ... to the seriousness of the breach, the bank could be hit with a fine substantially higher than the cost of refunding affected custome... read more

Tesco Bank hit with £16.4 million fine over cyber attack in 2016

The FCA has now slapped Tesco Bank with a £16.4 million fine over the ... It's worth noting that the breach did not affect the personal data of customers. The fine will be used to reimburse customers ... read more

Lessons From UK's Data Backlash

... are the latest British icons to find themselves in legal difficulties regarding data breaches. The U.K. regulator, the Financial Conduct Authority, fined Tesco Bank 16.4 million pounds on Oct. 1 f... read more

Tesco Bank to pay £16.4m for 'failures' that led to 2016 cyberattack

TESCO BANK has agreed to hand over £16.4m to the Financial Conduct ... of the attack, a data protection lawyer, who asked not to be named, told the INQUIRER that Tesco, the supermarket chain that owns ... read more

U.K. financial regulator issues £16.4 million fine for cyber fraud — and it’s not even GDPR

The U.K. Financial Conduct Authority (“FCA”) on Monday (1 October 2018) fined Tesco Personal Finance plc (“Tesco Bank”) £16.4 million for ... security following a series of high-profile data breaches ... read more

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