Tesco Bank fined £16.4m by FCA over 2016 cyber attack

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Tesco Bank fined £16.4m by FCA over 2016 cyber attack

Fine negotiated down from £33.6m for compensating customers quickly and agreeing early settlement with FCA

Tesco Bank has been fined £16.4 million over IT security failings that contributed to the November 2016 cyber attack. The attack enabled thieves to get away with £2.26 million from compromised accounts....

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