Security News > 2018 > October > Tesco Bank Hit With £16 Million Fine Over Debit Card Fraud

UK's Financial Conduct Authority Slams Bank for Series of Avoidable ErrorsTesco Bank has been hit with a £16.4 million ($21.3 million) fine by the U.K.'s Financial Conduct Authority for failing to prevent and more rapidly block thousands of fraudulent transactions that drained £2.3 million ($3 million) directly from customers' bank accounts.

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https://www.inforisktoday.com/tesco-bank-hit-16-million-fine-over-debit-card-fraud-a-11577