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09/25/2024

Money transfer firm MoneyGram rushes to contain cyber attack

Computer Weekly

MoneyGram, a US-based financial services firm that enables users to transfer money, pay bills and trade in cryptocurrencies, has been forced to suspend services in the wake of an ongoing cyber security incident, the precise nature of which remains unclear.

 
Following further investigation, MoneyGram posted more details of the incident to social platform X on Monday 23 September. It said: “MoneyGram recently identified a cyber security 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.
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