Scotland-based Tesco Bank has been hit with a 16.4 million ($21.3 million) fine by the U.K.’s Financial Conduct Authority. Bank failed to proactively deal with “foreseeable risks” that led to hackers executing a successful online attack campaign. The attacks, in November 2016, lasted for 48 hours and led to 2.26 million ($2.93 million) in fraudulent transactions. The fine was announced by the FCA on Monday.”]
Source: https://www.careersinfosecurity.com/tesco-bank-hit-16-million-fine-over-debit-card-fraud-a-11577