Cybersecurity
Tesco Bank Halts Web Trades as Money Taken From 20,000 Accounts
- About 40,000 customers experienced suspicious transactions
- Half of those had money taken from their account, CEO says
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Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it halted online transactions after about 20,000 customers had money fraudulently taken from their accounts.
About 40,000 of the bank’s 136,000 checking account holders experienced suspicious transactions over the weekend, Tesco Bank Chief Executive Officer Benny Higgins told BBC Radio 4’s Today program. About half of those had money taken from their account, he said. The problem has only affected checking accounts, a representative for the bank said.