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Tesco Bank not alone in being targeted by Retefe malware

November 11, 2016

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Tesco Bank, which recently saw thousands of its customers lose funds to cybercriminals, has been found on the target list of the so-called Retefe malware. This trojan horse goes after users’ online banking credentials, which can be then misused to conduct fraudulent transactions. Many more thousands might be at risk as the malware’s target list contains several other banks.

In a statement, Tesco Bank’s chief executive Benny Higgins said: “Tesco Bank can confirm that, over the weekend, some of its customers’ current accounts have been subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently.”

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