Monzo security breach: digital bank is asking some customers to change their pin

Jake Tucker reports:

British banking start-up Monzo has reached out to around half a million customers after a glitch revealed plain text PIN details to engineers.

Those contacted have been asked to change their card PIN after the security hiccup, but it’s a substantial breach of security and bad news for the digital bank, which has some 2.5m customers and has just launched in the United States.