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Tesco Bank

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2016

    Tesco Bank cyber-fraud incident

    In November 2016, customers reported unauthorised transactions and money missing from accounts, with some card activity apparently originating in Brazil. Tesco Bank suspended online transactions, stated that up to 40,000 customers were affected and later reported a £2.5 million loss. The Financial Conduct Authority subsequently required the bank to pay a £16.4 million penalty.

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