--British supermarket Tesco has been warned that it could face a fine of more than GBP30 million from the U.K. Financial Conduct Authority over a 2016 hack of its online banking services, Sky News reports, citing unknown sources.

--Tesco is fighting the scale of the proposed penalty, which would be the FCA's largest-ever in relation to a cyberattack, and a lower sum could be agreed within the next few weeks, according to Sky.

--Both Tesco and the FCA declined to comment to Dow Jones Newswires.

Full story: https://bit.ly/2O8op7C

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(END) Dow Jones Newswires

September 25, 2018 06:17 ET (10:17 GMT)

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