Tesco Bank fined $29.5m over 2016 cyber attack

By Staff Writer on Oct 2, 2018 12:21PM

Did not heed warning until after attack began.

Tesco Bank has been fined £16.4 million ($29.5 million) after it failed to address the threat of a cyber attack until the incident was already underway. The fine was meted out by the UK’s Financial Conduct Authority (FCA) “for failing to exercise due skill, care and diligence ...

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