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Is Monzo Bank safe?
Monzo Bank risk score
The company’s data is likely at moderate risk of exposure or other security challenges, which could potentially result in financial loss, reputational damage, and privacy concerns. It may be beneficial for the company to consider taking proactive measures to mitigate these risks by addressing potential vulnerabilities, enhancing security protocols, and closely monitoring its systems.
82/100
overall score
Total issues found:
1062Updated on: September 10, 2024
For security teams to quickly address digital threats, efficiently handle zero-day incidents, and reduce their risk exposure time, we gather billions of signals each week from a multitude of sources. We help organizations identify risks, gain actionable insights, and respond faster to stay ahead of threats. This includes the collection and analysis of data from a multitude of clearnet and darknet sources to have a thorough and up-to-date understanding of a company’s digital stance.
Monzo's mission is to make banking accessible, convenient, and transparent for millions of customers worldwide. It offers features such as instant notifications, budgeting tools, and savings pots, along with the ability to freeze a card instantly via the app, which appeals to a tech-savvy demographic seeking greater control over their financial affairs.
Regulated by the Financial Conduct Authority (FCA) in the UK, Monzo adheres to stringent regulatory standards, ensuring a high level of security and compliance in all operations. The company is committed to providing a safe and secure environment for its users' funds and personal data, employing advanced security measures to protect against potential threats.
Despite its relatively short history, Monzo has made significant strides in the FinTech space, characterized by a strong focus on customer experience and innovation. The company continues to expand its offerings and explore new avenues for enhancing user engagement and satisfaction.
As Monzo progresses, it remains dedicated to refining its services and maintaining transparency, thereby reinforcing its position as a trusted and forward-thinking presence in the financial technology landscape.
- Website:
- https://monzo.com
- Industries:
-
Banking
- Company size:
- 1001-5000 employees
- Founded:
- 2015
- Headquarters:
- Broadwalk House; Appold Street; London, England EC2A 2AG, GB
Risk report
https://monzo.comPhishing and malware
844 issues
The risks of malware and phishing include data and identity theft, system damage, financial fraud and losses, and the potential for credential compromise, which can lead to further attacks on personal or organizational systems.
Network security
1 issue
Network security issues can help hackers find and map out services on your network, revealing weak spots. Once they identify these targets, they can break in and move around the network to access more systems. This can lead to data breaches and other security problems that may disrupt your business operations. Keeping the network infrastructure up-to-date helps organizations defend against such risks by identifying vulnerabilities early and strengthening network defenses.
Email security
0 issues
Weak email security policies and improper email server configurations can lead to compromised accounts within your organization that are used to spread phishing, malware or spam through your official communication channels. Our approach helps identify and strengthen these policies, protecting the company's image and maintaining client trust.
Website security
217 issues
Website security vulnerabilities are the most common way for threat actors to initiate data breaches and deploy arbitrary malicious code, potentially stealing customer information, payment details and otherwise negatively impacting your company’s reputation. By using passive vulnerability scanning techniques, we can legally and with confidence identify exposed network nodes and check them for known vulnerabilities. This approach helps organizations protect their business operations and reputation by proactively securing their websites.
Outcome reliability
We gather billions of signals weekly from a multitude of sources to enable organizations identify risks and prepare actionable insights so that they could respond to threats faster. We ensure that all data is cross-checked for false positives and ensure an utmost quality to it. By providing valuable insights to security teams on various aspects of an organization’s cyber health we can ensure quick and appropriate responses to address digital threats, respond to zero-day incidents more efficiently, and minimize their risk exposure timeline. Learn more about our methodology .
Disclaimer
As a cybersecurity news platform, we aim to enhance digital safety by all means. For this reason, we developed this scoring system. However, the scores are intended solely for informational purposes and should not be interpreted as an absolute assessment of a company’s cybersecurity strength or weakness. The methodology used to generate these scores may not capture all factors relevant to a company’s cybersecurity risk.
All information is provided without a warranty of any kind, express or implied. Users may use this information at their own risk. We are not responsible for the consequences of any unauthorized use of these scores, including, but not limited to any decisions made, as a result of or reliance upon anything contained in herein or any damages of any kind, including without limitation direct, indirect, consequential, exemplary, special or other damages.