Data Breaches

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BrikoX

MoneyGram confirms a cyberattack is behind dayslong outage (www.bleepingcomputer.com)

submitted 2 months ago* (last edited 2 months ago) by BrikoX to c/databreaches

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Money transfer giant MoneyGram has confirmed it suffered a cyberattack after dealing with system outages and customer complaints about lack of service since Friday.

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[–] BrikoX 2 points 2 months ago

While MoneyGram has not shared what type of attack they suffered, the extended outage and loss of connectivity to systems is indicative of a ransomware attack.

Considering MoneyGram's massive customer base, a potential data breach on the company could have far-reaching repercussions for many people.