Money Transfer Crisis: How the MoneyGram Hack Exposed Millions of Customers

Wednesday, 9 October 2024, 07:10

Money transfer services face a crisis as MoneyGram confirms a hack exposing sensitive customer data. The money transfer giant disclosed a security breach affecting personal information, including Social Security numbers. With a customer base exceeding 150 million, the implications are significant.
Mashable
Money Transfer Crisis: How the MoneyGram Hack Exposed Millions of Customers

Incident Overview

On Monday, MoneyGram confirmed that it had been targeted in a cyberattack, resulting in an unauthorized party gaining access to their company's internal systems. It's unclear how many of MoneyGram's customers were affected.

Customer Data Compromised

  • Names
  • Home addresses
  • Phone numbers
  • Email addresses
  • Birthdays
  • Social Security numbers
  • Bank account numbers
  • MoneyGram Plus Rewards numbers
  • Transaction information

In addition, copies of IDs, such as driver's licenses, as well as other identification documents like copies of utility bills, were also taken.

Company Response

MoneyGram notified customers about the data breach on its website, explaining that the information affected will be different for each customer. Customers are advised to monitor their accounts for any suspicious activity.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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