Tesco Bank cyber raid 'unprecedented', says financial regulator

FCA chief tells MPs that ‘serious’ theft from 20,000 accounts may be linked via debit card flaw as customers report money transfered to Brazil and SpainThe cyber heist at Tesco Bank been described by the chief executive of the City regulator as an “unprecedented” incident in the UK. Andrew Bailey, chief executive of the Financial Conduct Authority, told MPs on the Treasury select committee that “there are elements of this that look unprecedented and it is serious, c