MoneyGram attempts to resume operations after cybersecurity incident

In a statement posted on Facebook today, MoneyGram International said the company is making progress in restoring its core transaction systems following a recent cybersecurity issue that impacted the company's global operations.

“We continue to make progress in successfully restoring some of our key transaction systems,” the company said.

“Our dedicated team is actively working around the clock to resume normal business operations. Once all systems are fully operational, currently pending transactions will be made available to customers.”

The international money transfer provider acknowledged the inconvenience caused by the ongoing network outage and promised to provide relevant updates as the situation evolves.

This latest development comes after MoneyGram initially acknowledged the issue on September 21 and informed the public that it was working to better understand the nature and scope of the problem.

The disruption of MoneyGram's services had far-reaching consequences, impacting individuals and businesses that rely on the company's platforms for their cross-border financial transactions.

Customers with pending transactions or those unable to access MoneyGram services are eagerly awaiting updates on restoring normal operations.