Little is currently known about how money was stolen from thousands of Tesco Bank current account (checking account) holders last weekend. It is clear now, however, that approximately 9,000 customers rather than the initial estimate of 20,000 were affected. “We’ve now refunded all customer accounts affected by fraud and lifted the suspension of online debit […]
Forensic investigation into the Tesco Bank hack this weekend will only be in its initial stages. Until we get the results, everything is conjecture. Nevertheless there are some things worth considering. Tesco Bank is not one of the Big Banks. It may well have been targeted for that reason, with the cyber criminals assuming – […]
The banking arm of U.K. supermarket chain Tesco has suspended online payments for its 136,000 checking account customers following a spate of fraudulent transactions. The bank suspended its payment service for all checking account customers after 40,000 experienced suspicious transactions, bank CEO Benny Higgins told BBC Radio 4 on Monday. Read More
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