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
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
