In November 2016, Tesco Bank suffered a series of fraud attacks that allowed cybercriminals to check out with £2.26m (roughly $3 million) in customer funds. Two years on, Dr Richard Gold and Simon Hall join Rafael Amado to discuss the UK Financial Conduct Authority’s (FCA) investigation into the attacks, which resulted in a fine of […]
On November 6, 2016 multiple UK media outlets reported that the UK-based Tesco Bank had informed approximately 40,000 customers that fraudulent activity had been detected on their accounts between November 5 and 6, 2016. It was initially reported that approximately 20,000 of these accounts had been the victim of successful fraudulent transactions. However, it was […]