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Hack forces Tesco Bank to pay £2.5m

By David Wilcock

Published 09/11/2016

Tesco Bank says it has paid out an estimated £2.5m to 9,000 customers after it fell victim to a cyber attack at the weekend
Tesco Bank says it has paid out an estimated £2.5m to 9,000 customers after it fell victim to a cyber attack at the weekend

Tesco Bank says it has paid out an estimated £2.5m to 9,000 customers after it fell victim to a cyber attack at the weekend.

The business said a full service for customers had resumed after the weekend hack that prompted a freeze in online transactions for customers.

Accounts which saw money fraudulently removed were to be reimbursed by last night, the bank said.

The announcement came after the cybercrime was described as "unprecedented" by the head of Britain's financial regulator.

Tesco Bank chief executive Benny Higgins said: "We've now refunded all customer accounts affected by fraud and lifted the suspension of online debit transactions so that customers can use their accounts as normal. We'd also like to reassure our customers that none of their personal data has been compromised."

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