MoneyGram, a prominent international money transfer service, has disclosed it was targeted by a cyberattack, causing an extended network outage that affected several of its systems.
The company first reported the issue on September 22, stating it was dealing with a network disruption and was actively investigating the cause and scale of the incident.
In a follow-up update, MoneyGram confirmed that a cybersecurity issue had been detected affecting specific systems. The company has initiated an investigation and implemented security measures to address the situation.
As a precaution, MoneyGram temporarily took certain systems offline, resulting in network connectivity issues and service disruptions.
The company is collaborating with top external cybersecurity experts and working with law enforcement to resolve the matter.
Although some essential transactional systems have been restored, others remain unavailable, causing delays for customers with pending transactions. MoneyGram has assured that these transactions will be processed once all systems are back online.
Apologizing for the disruption, MoneyGram has promised to provide updates as they become available and has a dedicated team working tirelessly to restore normal operations.
This cyberattack on MoneyGram is part of a growing trend of high-profile breaches affecting financial institutions and service providers.
The incident underscores the increasing risk of cybercrime and the importance for companies to strengthen their cybersecurity defenses to safeguard their systems and customers.
Customers are advised to check MoneyGram’s website and social media for the latest updates on service status.
