MoneyGram, a leading global money transfer service, has confirmed that it has been the victim of a cyberattack, resulting in a days-long network outage that has impacted connectivity to several of its systems.
The company first acknowledged the issue on Sept 22, stating that it was experiencing a network outage and was working to understand the nature and scope of the problem.
In a subsequent update, MoneyGram revealed that it had identified a cybersecurity issue affecting certain systems and had launched an investigation and taken protective steps to address it.
Meet the CISOs, Join the Virtual Panel to Learn compliance – Join Free
As a precautionary measure, MoneyGram proactively took some systems offline, which impacted network connectivity and caused disruptions to its services.
The company is working with leading external cybersecurity experts and coordinating with law enforcement to resolve the issue.
While some key transactional systems have been successfully restored, others remain offline, leaving customers with pending transactions.
MoneyGram has assured customers that these transactions will be made available once all systems are fully operational.
The company has apologized for the inconvenience caused by the outage and has promised to share relevant updates as available. A dedicated team is working around the clock to resume normal business operations.
The cyberattack on MoneyGram is the latest in a string of high-profile breaches targeting financial institutions and service providers.
The incident highlights the growing threat of cybercrime and the need for companies to prioritize cybersecurity measures to protect their systems and customers.
As the situation continues to unfold, MoneyGram customers are advised to monitor the company’s website and social media channels for updates on the status of its services.
Are You From SOC/DFIR Teams? - Try Advanced Malware and Phishing Analysis With ANY.RUN - 14-day free trial