UK data watchdog confirms it’s investigating MoneyGram data breach
Reading Time: < 1 minutesThe U.K.’s data protection regulator has confirmed it’s investigating MoneyGram after receiving a data breach report from the U.S.-based money transfer giant.
The extent of a potential data breach at MoneyGram remains unknown. MoneyGram, the world’s second-largest money transfer provider, serves over 50 million people in more than 200 countries and territories each year.
MoneyGram has remained largely silent about the cybersecurity incident beyond a handful of updates posted to its X account.
MoneyGram first confirmed the cybersecurity incident on Monday following three days of operational downtime, saying it ‘identified a cybersecurity issue affecting certain of our [sic] systems’ and had taken some systems offline in an effort to contain the incident.
The outage forced both the company’s website and app offline, leaving customers unable to make in-person or online payments. The outage also affected MoneyGram partners, including the Bank of Jamaica and the U.K.’s Post Office.
The latest update from MoneyGram, posted on X on Thursday, says that customers can now ‘send and receive money through both our digital platforms and agent partners,’ but adds that the company is still working to fulfill pending transactions.
Ref: techcrunch
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