Nearly half a million customers hit by Lloyds IT glitch that exposed transaction data, committee says

What: Nearly **500,000** Lloyds customers were affected by an IT glitch that exposed their transaction data.
Why: The glitch occurred due to a software issue that was not properly addressed by the bank.
Signal: The incident raises concerns about the bank's ability to protect customer data.
Target: Lloyds has promised to review its IT systems to prevent similar incidents in the future.
Risk: The bank faces potential regulatory action and reputational damage as a result of the breach.