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Edelson Lechtzin LLP is investigating claims regarding data privacy violations by MoneyGram International Inc. NEWTOWN, PA / ACCESSWIRE / October 13, 2024 / The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by MoneyGram International Inc. ("MoneyGram"). MoneyGram learned of suspicious activity on or about September 27, 2024.

DALLAS--(BUSINESS WIRE)--FeganScott, a national law firm dedicated to protecting consumer rights, announced that it has launched an investigation into MoneyGram following confirmation from the financial services provider that an unauthorized third party illegally obtained customers' personal and financial information during a September cyberattack. In a recent statement, MoneyGram reported that the stolen customer information includes Social Security numbers, government identification documents.

U.S. money transfer giant MoneyGram has confirmed that hackers stole its customers' personal information and transaction data during a cyberattack last month.

U.S.-based money transfer giant MoneyGram has blamed an unspecified “cybersecurity issue” for an ongoing days-long outage affecting the company and its users.

MoneyGram International has appointed former Driven Brands chief financial officer (CFO) Gary W. Ferrera as its CFO.

MoneyGram International reportedly failed to secure lower borrowing costs on a $398 million leveraged loan before a deadline on Thursday (May 23).

Trustly and MoneyGram International have partnered to enable millions of MoneyGram users in Europe to make cardless international money transfers. With the service enabled by this collaboration, users can pay directly from their bank accounts when sending international money transfers through MoneyGram Online (MGO), the companies said in a Wednesday (March 20) press release.

MoneyGram plans to launch a non-custodial digital wallet that will offer new ways to send and receive cross-border payments. The wallet is set to debut in the first quarter of 2024 and will allow users to seamlessly move from fiat currency to digital currency and back again, the global FinTech company said in a Tuesday (Sept.

MoneyGram has received the final regulatory approval needed for its sale to Madison Dearborn Partners. Having received approval from the Reserve Bank of India, the companies now expect the previously announced transaction to close on or before June 1, MoneyGram said in a Thursday (May 4) press release.

MoneyGram has pushed back the expected date of its planned sale. The firm and the intended buyer, venture capital firm Madison Dearborn Partners (MDP), now expect to close the merger “late in the second quarter of 2023,” MoneyGram said in its quarterly report released Friday (April 28).