U.K.'s Tesco Bank refunds $3M to customers affected by cyberheist

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Tesco Bank in Edinburgh, Scotland, has refunded 2.5 million pounds (about $3 million) to 9,000 customers who were affected by a large-scale online banking cybertheft last weekend.

In a statement, the bank said it has resumed full service following its temporary suspension of online transactions.

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A shopper bags her items at a checkout at the Tesco Basildon Pitsea Extra supermarket, operated by Tesco Plc, in Basildon, U.K., on Tuesday, Dec. 1, 2015. Many European food retailers are coming to terms with persistently low inflation as well as consumers who remain frugal yet purchase food more frequently. Photographer: Chris Ratcliffe/Bloomberg
Chris Ratcliffe/Bloomberg

"We've now refunded all customer accounts affected by fraud and lifted the suspension of online debit transactions so that customers can use their accounts as normal," said CEO Benny Higgins. "We're also keen to reassure our customers that none of their personal data has been compromised."

The bank also said it is working with authorities and regulators in their criminal investigation of the incident.

This article originally appeared in American Banker.
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Cyber security Cyber attacks U.K.
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