A cyber attack manages to steal the money of some 20,000 accounts Tesco Bank – Investing.com Spain

By Estelle Shirbon

LONDON (Reuters) – The arm of a banking the largest chain british supermarkets, Tesco (LON/:), was on Monday struggling to deal with a cyber-attack that hit during the weekend to the accounts of some 40,000 customers, of which 20,000 were theft of money.

this Is the first time that you have knowledge of that the customers of a british bank lost money by hacking, which raises concerns about the vulnerability of the financial sector of british to cyber attacks, whose frequency has increased in the past two years.

Tesco Bank, which currently manages some 136,000 accounts, stopped all transactions online while trying to return to normal service, although customers could continue to use their bank cards in stores, as well as take money out of the atm.

“Any financial loss as a result of this fraudulent activity will be assumed by the bank,” he told BBC Radio the ceo of Tesco Bank, Benny Higgins. “Customers are not at financial risk”.

“we Believe that it will be relatively small amounts, but we are still working on it,” he said, adding that he expected the cost of refund amounts to customers is “a great figure, but not a huge number”.

The actions of the supermarket chain Tesco, which possesses the whole of Tesco Bank, dropped a 1.24% to 200,05 pence at 1310 GMT.

The bank is tiny in the uk market in retail banking, with approximately 2 percent of current accounts, and represents only a small part of the business of Tesco.

But, while the financial impact to the group can be limited, Tesco Bank you run the risk of suffering a serious harm to your reputation as a result of an attack that has affected 29 percent of the accounts of their customers.

The attacks on financial institutions in the Uk have increased from just five in 2014 to more than 75 so far this year, according to the Authority of Financial Management (FCA, for its acronym in English), but the bank executives and the providers of security systems they say there are more attacks unreported.[nL4N1CG1Q2]

The global director of financial services of the network services companies, technology consulting and software DataArt, Cliff Moyce, indicated that the shortage of staff over the weekend could possibly have been one of the reasons for the impact of the cyber attack.

“The automated systems of detection of fraud seem to have worked well, but the absence of people in the offices has not helped,” he told the media.

(additional Information from Michael Holden, James Davey and Huw Jones; edited by Greg Mahlich; translated by Enrique Anarte)

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