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Tag: Tesco Bank


Capital and Risk, Operational

Tesco Bank resumes full service, refunds £2.5m to 9,000 customers

November 9, 2016

Via: Banking Technology

Tesco Bank has refunded £2.5 million to 9,000 customers who had money stolen from their accounts by fraudsters over the weekend. It has also resumed “normal services” following the temporary suspension of online transactions from current accounts (“to prevent criminal […]


Capital and Risk, Operational

Tesco Bank suspends online transactions due to cyberattack

November 7, 2016

Via: Banking Technology

UK-based Tesco Bank has revealed that 20,000 of its customers had up to £2,000 stolen from their accounts in a cyberattack. As a result, all online transactions have been frozen for 24 hours until the situation is bank “under full […]