Tesco Bank cancels some customers' credit cards following fraud concerns

Some Tesco Bank customers have had their credit cards cancelled following concerns about accounts potentially being compromised.

Thursday, 8th March 2018, 3:01 pm
Updated Thursday, 8th March 2018, 4:35 pm
Tesco Credit Card

Those affected have received texts and they will receive new cards around a week later.

Tesco Bank said only a tiny proportion of its three million credit card customers have been affected.

The bank said the step has been taken as a "precautionary measure" and it is the result of routine industry-wide efforts to protect people against fraud.

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The precautionary action has been taken as a result of a suspected third party compromise.

A Tesco Bank spokesman 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.

"We apologise to our customers for any inconvenience caused as a result."

In 2016, a cyber attack forced the lender to pay out £2.5 million to 9,000 customers who had money stolen from their accounts.