MoneyGram Details
Industry
Financial Services
Security Incidents
1
MoneyGram International Inc. is a global financial technology company that specializes in cross-border peer-to-peer payments and money transfer services. Founded in 1940, the company has evolved through various mergers and acquisitions to become one of the largest money transfer companies in the world. MoneyGram's services are accessible in over 200 countries and territories with a global network of approximately 350,000 agent locations.
The company's primary purpose is to facilitate the quick and secure transfer of funds, catering to both individuals and businesses. MoneyGram offers a range ...
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Security Incidents
MoneyGram Breach of Sep 2024
The nature of the attack was not explicitly confirmed, but the extensive service disruption, including taking systems offline, suggests it could be a ransomware attack....
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Given MoneyGram's extensive customer base and the type of sensitive data it hold...
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As a result of the cyberattack, MoneyGram's in-person and online money transfer services were disrupted, directly affecting ...
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Severity Score
Significant to High
Type
Ransomware AttackSummary
Money transfer giant MoneyGram confirmed it experienced a cyberattack that led to a significant service disruption starting around September 20, 2024. Initial reports indicated a "network outage" affecting connectivity to its systems, but it was later revealed that the outage was due to a cyber-intrusion. The company took systems offline to contain the breach, deeply impacting both in-person and online money transfer services.The nature of the attack was not explicitly confirmed, but the extensive service disruption, including taking systems offline, suggests it could be a ransomware attack....
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Severity
MoneyGram, one of the largest money transfer companies, experienced a significant cyberattack causing multiday system outages that started on September 20, 2024. The attack led the company to take its systems offline, severely impacting both in-person and online transactions. During this period, customers were unable to access or transfer their funds, sparking widespread complaints and concern. The nature of the disruption suggests a ransomware attack, though this has not been officially confirmed by the company.Given MoneyGram's extensive customer base and the type of sensitive data it hold...
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Impact
MoneyGram suffered a significant cybersecurity incident characterized by an extended systems outage starting on September 20, 2024. The company proactively took systems offline to contain the attack, indicating substantial concerns over the attack's reach and impact. Though the company has not explicitly confirmed the type of attack, the nature of the incident suggests it could have been a ransomware attack given the proactive shutdown of services and extended downtime.As a result of the cyberattack, MoneyGram's in-person and online money transfer services were disrupted, directly affecting ...
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