Tesco Bank halted all online transactions after a cyber heist affected thousands of its customers. An investigation is ongoing.
Tesco Bank is going to adopt a strong measure in response to a cyber attack, the financial institution will freeze customers’ online transactions. The measure was announced by the chief executive Benny Higgins, the bank has admitted that 40,000 of 136,000 current banking customers had their accounts hacked over the weekend, and unfortunately, 50 percent of them have lost money.
Tesco Bank is owned by Tesco PLC since 2008 and has currently 7.8 million customer accounts. Tesco confirmed to have detected suspicious activity within accounts “late on Saturday night and in the early hours of Sunday morning.”