Bank Attack

Discussion in 'Wall St. News' started by dealmaker, Oct 1, 2018.

  1. dealmaker

    dealmaker

    Bank Attack

    The U.K.'s Financial Conduct Authority has issued its first ever fine over a cyberattack. The lucky recipient is Tesco Bank, which was attacked two years ago thanks to shoddy defences. The attackers scored £2.26 million ($2.95 million) and the bank has now been fined £16.4 million (though, by settling and cooperating with the regulator, it avoided a £33.6 million penalty.) Financial Times
     
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    dealmaker

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