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UK watchdog considers fining Tesco Bank over cyberattack: Sky News

September 24, 2018 6:34 PM
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(Reuters) - Britain’s finance watchdog is considering fining the banking arm of Tesco Plc more than 30 million pounds ($39 million) over a 2016 cyberattack, Sky News reported on Monday.

Tesco Bank is contesting the scale of the Financial Conduct Authority’s proposed penalty and is in active negotiations with the watchdog about it, Sky reported, citing a legal source.

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