MoneyGram Discloses Data Breach Following September Cyberattack
Date: October 8, 2024
Author: Pierluigi Paganini
SecurityAffairs
Summary:
- MoneyGram confirms data breach following a cyberattack in September.
- Customer data stolen, including contact info, government IDs, Social Security numbers, and transaction details.
- Investigation ongoing, impact and number of affected customers unclear.
- Systems back online, business operations resumed.
Details:
In September, MoneyGram experienced a cyberattack that resulted in a network outage and the theft of customer data. The company took its systems offline to contain the attack and launched an investigation with the help of cybersecurity experts. Law enforcement was also notified.
The stolen data includes contact information, government IDs, Social Security numbers, transaction details, and for some customers, criminal investigation information. The specific information varies by individual.
The number of affected customers and the extent of the breach are still under investigation. MoneyGram’s systems are now back online and business operations have resumed.
Impact:
The data breach is a significant event for MoneyGram, as it holds a large amount of sensitive customer data. This makes it a prime target for cybercriminals. The breach could lead to identity theft, financial fraud, and other harmful consequences for affected customers.
Recommendations:
- Customers of MoneyGram should be vigilant for signs of identity theft and fraud.
- Regularly monitor credit reports and bank statements for suspicious activity.
- Consider placing a fraud alert or credit freeze with the three major credit bureaus.
- Change passwords and PINs for online accounts.
Additional Information:
- MoneyGram has a dedicated website for information on the data breach: https://www.moneygram.com/us/en/data-security-incident
- Customers can contact MoneyGram’s customer service for more information: https://www.moneygram.com/us/en/contact-us
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