Digital bank Monzo has apologised and urged 480,000 customers to change their PINs
British digital bank Monzo has apologised and urged 480,000 customers to change their PINs after realising that some of them were being stored inappropriately.
The issue was discovered last Friday when the company realised that the PINs were being stored in encrypted log files which the company's engineers had access to the plain text of."As soon as we discovered the bug, we immediately made changes to make sure the information wasn't accessible to anyone in Monzo."
Although nobody outside of the company had access to the PINs, and confirmed - checking the accounts themselves - that no suspicious or fraudulent activity had taken place, the company is issuing a warning."We've messaged everyone that's been affected to let them know they should change their PIN by going to a cash machine.
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