Yesterday, Tesco Bank froze over 20,000 accounts after suspicious activity was reported including money being taken from accounts. About 40,000 accounts saw suspicious transactions over the weekend. Chief Executive, Benny Higgins blamed "a systematic, sophisticated attack" which would be unprecedented on a UK bank. The bank has described the incident as a hack, days after Mr Philip Hammond, Chancellor of the Exchequer, announced a £1.9 billion scheme for cyber protection.

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