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MoneyGram, a global leader in cross-border P2P payments and money transfers, has been grappling with a significant service <a href="https://downdetector.com/status/moneygram/" rel="noopener noreferrer nofollow">outage</a> since September 20, 2024.The company <a href="https://x.com/MoneyGram/status/1838203169765052552" rel="noopener noreferrer nofollow">confirmed</a> on September 23 that the disruption was caused by a cybersecurity issue affecting certain systems.<blockquote>MoneyGram recently identified a cybersecurity issue affecting certain of our systems. Upon detection, we immediately launched an investigation and took protective steps to address it, including proactively taking systems offline which impacted network connectivity. We are…— MoneyGram (&#64;MoneyGram) <a href="https://twitter.com/MoneyGram/status/1838203169765052552?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">September 23, 2024</a></blockquote>In response to the incident, MoneyGram took immediate protective measures, including taking systems offline to safeguard their network.This action has led to widespread service disruptions, impacting both in-person and online transactions. Customers have been unable to use MoneyGram services at various partner locations worldwide.MoneyGram is actively collaborating with law enforcement and external cybersecurity experts to address the issue. The company has not disclosed specific details about the nature of the cybersecurity problem, including whether any sensitive data was compromised.However, they have assured customers that they are making progress in restoring key transactional systems and are working tirelessly to resolve the situation.As of now, there is no definitive timeline for when full services will be restored. The prolonged outage has caused significant inconvenience to customers who rely on MoneyGram for their money transfer needs.MoneyGram’s swift response and ongoing efforts to mitigate the impact of this cybersecurity incident highlight the growing challenges companies face in protecting their digital infrastructure from cyber threats.The post <a href="https://cryptosnewss.com/moneygram-faces-days-long-outage-due-to-cybersecurity-issue/" rel="noopener noreferrer nofollow">MoneyGram Faces Days-Long Outage Due to Cybersecurity Issue</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

MoneyGram Faces Days-Long Outage Due to Cybersecurity Issue

Cryptos Newss

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