24-09-2018 20:47 via uk.news.yahoo.com

Tesco Bank faces huge fine as FCA gets tough over cyberattacks

Tesco's banking arm is facing the City regulator's biggest-ever cyberattack-related fine two years after its online services were hacked by criminals attempting to steal funds from customers.Sky News has learnt that the Financial Conduct Authority (FCA) has warned Tesco that it is considering imposing a penalty of more than £30m on the company.It follows an incident in November 2016 when Tesco Bank was forced to suspend all online transactions after it detected criminals trying to access i
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