TalkTalk cyber-attack sparks calls for new regulatory powers

Warning that telecom firm's security breach could cause problems that will last for years, including identity theft risks

Regulators must be given significant new "US-style" powers to tackle the escalating problem of online fraud in the wake of the cyberattack that potentially potentially compromised the security of millions of TalkTalk customers, IT experts said. Their call came amid warnings that the security breach at the telecoms provider could cause problems for its victims that will last for years.

Some TalkTalk customers have complained that their bank accounts and credit cards have been targeted since Wednesday's attack. But the TalkTalk chief executive, Dido Harding, insisted the data stolen in the cyberattack would not allow criminals to plunder customers' bank accounts.

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