FCA fine Tesco Bank £16.4m – The cost of an inadequate Cyber breach response plan is significant In November 2017, we wrote some thoughts in the aftermath of the Tesco Bank cyber attack. Just over a week ago, so it became clear what the attack cost the bank; a £16.4m fine imposed by the FCA […]
THE MORAL OF TESCO BANK UNDERSTANDING OF AND APPROPRIATE RESPONSE TO THE MODERN CUSTOMER NEED IS ESSENTIAL How digital engagement and cyber security overcome disenfranchisement New challenger online banks have had few reputational issues. Mostly not associated with the 2008 financial crash; they have benefited from enlightened regulation and a modern approach towards mobile, digital […]
