Nov
08
Tesco Bank Pays $3.1 Million to Replace Cash Taken From Accounts
By
Customers use RBS branded automated teller machines (ATMs), at a Tesco Bank cash point, in Liverpool, north west England, on November 7, 2016.
Photographer: PAUL ELLIS/AFP via Getty Images
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About 9,000 clients fell victim to fraud on weekend, firm says
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Lender resumes online transactions, says no personal data lost
Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it’s spending 2.5 million pounds ($3.1 million) to reimburse customers who lost money during a wave of fraudulent account transactions over the weekend.
About 9,000 of the firm’s 136,000 checking-account clients fell victim and were fully reimbursed by Tuesday, the company said in a statement. The bank said it ended a temporary suspension of online transactions and that no personal data were compromised…
Tesco Bank Pays $3.1 Million to Replace Cash Taken From Accounts
