Read more: cyberinsider.com
MoneyGram, a global money transfer service, has confirmed that a cyberattack was responsible for a recent service outage that affected its systems worldwide. The attack resulted in disruptions to customer-facing systems, highlighting the vulnerabilities of financial institutions to cyberattacks. The company has acknowledged the “cybersecurity issue” and taken certain systems offline to investigate and resolve the problem. The incident serves as a reminder of the importance of robust security measures in the financial sector and the ongoing threat posed by cybercriminals.