On October 7, 2024, MoneyGram posted a data breach notice on its website after discovering that an unauthorized third party accessed and acquired personal information from the company’s IT network. In this notice, MoneyGram explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, addresses, phone numbers, Social Security numbers, driver’s license numbers, financial account information, transaction information and criminal investigation information. Upon completing its investigation, MoneyGram began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.
If you receive a data breach notification from MoneyGram, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the MoneyGram data breach. For more information, please see our recent piece on the topic here.
What Caused the MoneyGram Data Breach?
The MoneyGram data breach was only recently announced, and more information is expected in the near future. However, MoneyGram’s website notice provides some important information on what led up to the breach. According to this source, on September 27, 2024, MoneyGram learned that an unauthorized third party accessed and acquired the personal information of certain consumers between the dates of September 20, 2024 and September 22, 2024.
In response, MoneyGram launched an investigation into the incident, which is still ongoing. However, MoneyGram has been able to determine that the unauthorized party accessed and acquired files containing confidential consumer information.
After learning that sensitive consumer data was accessible to an unauthorized party, MoneyGram reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, address, phone number, Social Security number, driver’s license number, financial account information, transaction information and criminal investigation information.
On October 7, 2024, MoneyGram posted notice of the breach on its website, noting that the company is providing victims of the breach with two years of identity protection and credit monitoring services at no cost. Additionally, MoneyGram will soon be sending out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.
More Information About MoneyGram
MoneyGram is a global payment services company based in Dallas, Texas. MoneyGram provides financial services such as peer-to-peer payments and money transfers through a network of agents and financial institutions. MoneyGram employs more than 4,150 people and generates approximately $2.1 billion in annual revenue.
