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Latest monzo publications


Monzo admits storing 480,000 PINs as plain text in log files

Monzo claims no one outside the challenger bank had access to PINs Monzo has advised almost half a million customers to change their PIN after the British online-only bank discovered it was storing their codes as plain text in log files. The bank said that the PINs were stored in a log file accessible to… Read More


It’s no surprise that some legacy banks are neglecting back-office IT, says ECS Cloud Chief
Cloud is enabling retail banks to pursue a fertile innovation agenda, but they may be too preoccupied with time-to-market and customer retention at the expense of backend and back-office systems, says Allan Brearley Despite initial hesitancy over the regulatory and security risks, most retail banks are now one way or another onboard with cloud. Over the... Read More


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