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Money transfer giant MoneyGram has confirmed it suffered a cyberattack after dealing with system outages and customer complaints about lack of service since Friday.
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While MoneyGram has not shared what type of attack they suffered, the extended outage and loss of connectivity to systems is indicative of a ransomware attack.
Considering MoneyGram’s massive customer base, a potential data breach on the company could have far-reaching repercussions for many people.