Supermarket giant Tesco has had to call in police after discovering that hundrends of pounds-worth of vouchers have gone missing from its online Clubcard accounts.
The company believes that dozens of Clubcard accounts may have been targeted by online fraudsters after a number of customers complained that they have lost accumulated vouchers or had been unable to log in.
A spokeswoman for Tesco said: "We have launched a thorough investigation into a small number of incidents and referred the matter to the police.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"In the meantime, we'd like to ask any customers who believe they're affected to contact us directly so that we can make sure their accounts are up to date."
It certainly wasn't all bad news for Tesco though, as JP Morgan initiated its coverage of the stock with a target price of 425p and an overweight rating.
NR
-
How to pay in a chequeReceiving or writing a cheque has become much less common in recent years as instant bank transfers have grown in popularity. Amid widespread bank branch closures, we explain what to do if you get a cheque, and how you can pay one into your bank account.
-
Crypto assets of seven million UK investors at risk – how to keep yours safeCryptocurrency wallet rules make it hard to track down assets after someone has died, even if they leave a will saying who they would like to inherit them
