TITLE

Tesco Bank cyber attack prompts security warning from Financial Conduct Authority

AUTHOR(S)
Ashford, Warwick
PUB. DATE
November 2016
SOURCE
Computer Weekly;11/15/2016, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the concerns expressed by the British Financial Conduct Authority (FCA) over the ability of the information technology (IT) systems of banks to prevent cyber crime following an attack on Tesco Bank that led to customer losses from fraudulent transactions. It presents the views of Tesco Bank chief executive officer (CEO) Benny Higgins on the issue and FCA chief execuive Andrew Bailey on the cyber security capability of banks amidst security risks.
ACCESSION #
119484764

 

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