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MoneyGram Security Breach

Posted on December 6, 2011 by Dissent

Chester Robards reports:

A MoneyGram agent in the Bahamas may have lost hundreds of thousands of dollars this weekend as a result of its system being hacked, The Tribune understands.

Harvey Morris, managing director of MoneyGram, Omni Transfers, explained that the agent’s system was likely hacked by someone residing outside of the Bahamas. He said his own system was not directly affected, but did not know which agent’s system was.

[…]

He said this weekend was not the first time individuals have attempted to hack into their system. However, he explained that he was surprised that someone was successful.

“I’m a bit surprised to see that this has taken place,” said Mr Morris.

Read more on The Tribune.

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