RegActions records a disclosed FCA monetary penalty of £16,400,000 dated 1 Oct 2018 for Tesco Personal Finance plc.
Case facts
| Firm or individual | Tesco Personal Finance plc |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 1 Oct 2018 |
| Penalty | £16,400,000 |
| RegActions breach classification | PRINCIPLES |
| Public case ID | 50447c51-1f2d-42e7-89b5-010e420a6093 |
Case summary
This Final Notice refers to Tesco Bank’s breach of FCA Principle 2 for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber attack. We imposed a financial penalty of £16.4 million.
Official evidence
This page meets the public case-page evidence threshold.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.