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Telephone and broadband provider Talktalk saw profits more than halve following a hack attack on its systems last October. Profits fell to £14m compared with £32m a year earlier. That fall is partly due to the costs of last year's serious cyber attack, which cost the company £42m. TalkTalk confirmed that 95,000 customers had left the ISP in direct response to the cyber attack. http://www.bbc.co.uk/news/business-36273449 This is a huge wake-up call for every company that stores customer details. If they don't take security seriously, it will cost them dearly.
Tesco Bank is reducing the rate its credit card holders can earn Clubcard points when spending outside of Tesco, blaming a looming cap on interchange fees coming later this year. Currently 2.8 million cardholders can rack up Clubcard points when spending using a Tesco credit card, wherever they spend. But soon the points Tesco Clubcard Credit Card holders can earn on purchases made outside of the supermarket will change from one for every £4 spent to one for every £8 spent. Tesco’s Clubcard Credit card customers will see the change from 1st December. https://www.lovemoney.com/news/48703/tesco-bank-halves-clubcard-points-for-credit-card-customers The points available normally through the Clubcard scheme and by shopping with a Tesco credit card in Tesco stores and on Tesco fuel will remain unchanged.