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Tesco Bank suspends online transactions due to cyberattack

November 7, 2016

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 control”, according to Benny Higgins, Tesco Bank’s CEO.

The attack took place of the weekend – 40,000 accounts were hacked. The bank issued an apology to its customers.

The incident is now being investigated by the National Crime Agency.

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