MoneyGram International has been hit by a likely ransomware attack, causing global service disruptions since September 20. The company confirmed a cybersecurity issue affecting its systems, leading to a network outage. To prevent further damage, MoneyGram proactively took systems offline and is working with cybersecurity experts and law enforcement. While efforts are underway to restore services, the disruption has significantly impacted customers worldwide, particularly in regions where people rely on MoneyGram for essential money transfers. The downtime poses severe risks to financial stability and customer trust, given the company's high transaction volume.