Tesco Bank has cancelled the credit cards of certain customers following concerns that some accounts have been compromised.
The bank has already issued replacement cards and said that only few cardholders of its total three million customers were affected.
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It further added that money has not been taken from any of the accounts and the move was only a ‘precautionary’ step.
Tesco Bank spokesperson said: “We take the security of our customers’ accounts very seriously and take every measure possible to protect customers from fraudulent activity.
“As a result of routine industry-wide fraud protection measures, we have reissued a number of credit cards as a precautionary measure.”
In 2016, the bank faced similar challenges when it experienced a large-scale cyber attack on some of its customers’ current accounts.
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By GlobalDataWhile 40,000 accounts were suspected to have been impacted, the bank temporarily suspended online transactions for all 136,000 customers at that time. In the end, the bank had to provide refund to 20,000 people.
Reportedly, the cyber theft was carried out through mobile phones using stolen Tesco Bank data to set up contactless payment accounts.
