Cybersecurity Issue Halts Global Money Transfers MoneyGram 

MoneyGram International, the Dallas-based global money transfer giant, is grappling with a significant cybersecurity issue that has forced it to take its operations offline. The company, which serves over 50 million people in more than 200 countries, is working diligently with cybersecurity experts and law enforcement to restore its financial transfer system. 

The outage, which began several days ago, has left countless customers unable to send or receive money. This disruption is particularly impactful for immigrants who rely on MoneyGram to send remittances to their home countries, with India and Mexico being the largest recipients of such transfers. 

As of Monday afternoon, hundreds of MoneyGram outages were still being reported on Downdetector. The company has acknowledged the urgency of the situation but has not provided a specific timeline for when services will be fully restored. This incident highlights the vulnerability of financial systems to cyber threats and the far-reaching consequences of such disruptions. 

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