September 24, 2024 at 01:51PM MoneyGram’s payment services are currently down due to a cybersecurity issue, with no clear timeline for resolution. The company informed the public through social media that it’s investigating the issue, involving third-party experts and law enforcement. This raises concerns about the potential exposure of sensitive customer data, making them vulnerable … Read more
September 23, 2024 at 05:38PM MoneyGram’s global money transfer services are down due to a cybersecurity issue, affecting in-person and online transactions. The company has not disclosed a timeline for restoration or confirmed a ransomware attack. MoneyGram has hired cybersecurity experts, initiated an investigation, and is cooperating with law enforcement. The company stores sensitive customer … Read more
November 9, 2023 at 05:26PM The Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack, disrupting US Treasury services and preventing trade settlements. ICBC has begun restoring its services, but there was no comment from ICBC or the US Securities and Financial Markets Association (SIFMA). It is unclear if any data has been … Read more
November 9, 2023 at 02:59PM ICBC, the Industrial & Commercial Bank of China, is in the process of restoring systems and services after a ransomware attack caused disruption in the U.S. Treasury market and equities clearing issues. The attack impacted ICBC’s ability to settle U.S. Treasury trades for other market participants. While the bank has … Read more