A cyber-attack over the weekend has stolen large sums of cash from tens of thousands of Tesco Bank Online customers, leading the bank to freeze customer accounts
With a reported 20,000 customers losing money over the weekend, Tesco Bank appears to be struggling to deal with the volume of customers demanding their money back. Should Tesco have been better prepared?
Barclays bank is to begin identifying customers by voice recognition, representing the latest industry attempt to abolish passwords.
Online fraud transactions are expected to reach $25.6 billion (£17.6bn) by 2020, up from $10.7 billion (£7.4B) last year. Meaning that by the end of the decade, $4 (£2.7) in every $1,000 (£687) of online payments will be fraudulent.
Almost half (48 percent) of UK residents are concerned with their identity or bank details being stolen.
News reports suggest that both NatWest and its Royal Bank of Scotland parent were hacked by journalists from BBC Radio 4's You and Yours programme.