Monzo
UK digital bank that demonstrated chemical signal alignment during a 2019 PIN security breach.
UK digital bank that demonstrated chemical signal alignment during a 2019 PIN security breach. When customer PINs were inadvertently logged in plaintext affecting 480,000 customers, CEO Tom Blomfield rejected corporate-speak crisis communication and chose radical transparency.
Monzo's response - plain language disclosure, detailed technical blog post, immediate customer notification - aligned with their stated core value of transparency. Customer trust recovered faster than after any previous incident, demonstrating that transparent action reinforces transparent values.
Key Leaders at Monzo
Tom Blomfield
CEO (at time of breach)
Made decision for transparent crisis communication