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Update: Tesco Bank refunds £2.5 million to customers after weekend’s security breach

Posted on November 9, 2016 by Dissent

Anthony Spadafora reports:

Tesco Bank has released more details regarding the cyber attack that took control of its online accounts and led the bank to freeze all of its users online transactions.

Over the weekend the bank was hit by an attack that it initially thought affected 20,000 customers. However, Tesco Bank has now revealed that only 9,000 accounts were compromised by the security breach. Though the amount of customers affected is lower than first reported, some of those whose accounts were accessed during the attack lost as much as £2,000.

On Tuesday, Tesco Bank announced that it had refunded £2.5 million to all of those affected by the breach and guaranteed that no personal data was obtained during the attack.

Read more on ITProPortal.

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Category: Financial SectorHackNon-U.S.

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