Follow sourcingfocus on Twitter

Tesco Bank Blames ‘Systematic Sophisticated Attack’

Tuesday, November 08, 2016

Yesterday, Tesco Bank froze over 20,000 accounts after suspicious activity was reported including money being taken from accounts. About 40,000 accounts saw suspicious transactions over the weekend. Chief Executive, Benny Higgins blamed “a systematic, sophisticated attack” which would be unprecedented on a UK bank. The bank has described the incident as a hack, days after Mr Philip Hammond, Chancellor of the Exchequer, announced a £1.9 billion scheme for cyber protection.

For weekly news updates, subscribe to our email newsletter.

Click here to read more.

Related news: UK Government to Boost Cyber Security

  • del.icio.us Favicon
  • Digg Favicon
  • Facebook Favicon
  • NewsVine Favicon
  • Reddit Favicon
  • StumbleUpon Favicon
  • Technorati Favicon
  • TwitThis Favicon