MoneyGram Goes Offline After Vague Cyber Woes

MoneyGram’s techniques and fee companies are down resulting from a “cybersecurity situation,” with no clear timeline as to when it will likely be again up and working as soon as extra.

The cash-wiring service’s in-person and on-line fee techniques have been down since Friday, Sept. 20. The following day, MoneyGram posted on social media platform X, noting that it was experiencing a community outage that was affecting connectivity to its techniques. 

“We’re working diligently to raised perceive the character and scope of the problem,” the submit stated. “We acknowledge the significance and urgency of this matter to our clients.”

On Sept. 23, MoneyGram posted an replace to X, informing the general public that it has launched an investigation right into a cybersecurity situation and confirming that it took its techniques offline. It additionally reported that it was working with third-party cybersecurity consultants and coordinating with regulation enforcement, probably indicating that the money-transfer firm might have been sufferer to an information breach, although solely time will inform.

Both approach, as a monetary companies firm, MoneyGram has entry to a bunch of delicate information, significantly financial institution accounts and bank card numbers, in addition to names, addresses, and usernames and passwords. All of this makes MoneyGram and people it companies a possible goal for malicious actors and monetary fraud or identification theft.