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UK bank suspends online payments after fraud hits 20,000 accounts

Tesco Bank suspends online payments for 136,000 checking account customers. 40,000 customers had suspicious transactions, bank CEO Benny Higgins says. Bank will bear any losses as a result of the fraudulent activity and customers are not at financial risk, he says. The cause of the incident is unclear, but the bank referred to “online criminal activity” and “fraud” in a statement. The National Crime Agency is coordinating law enforcement response to what it described as “the Tesco data breach””]

Source: https://www.csoonline.com/article/3139296/uk-bank-suspends-online-payments-after-fraud-hits-20000-accounts.html

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