Anyone who wants to transfer cash quickly and easily from country A to country B these days visits international payment providers. The largest worldwide are Western Union and MoneyGram.
Both companies offer the option to deposit and withdraw money within minutes, quickly and easily. Usually, all that is required is an ID, a reference number, and a few details about the country of origin. No credit card or account required. Usually the money is meant to support the family, that’s why it’s so annoying when the money doesn’t come.
Data is also valuable
But cybercriminals aren’t always after a quick buck; and they are very interested in personal data. This, along with customer transaction data, was stolen from MoneyGram in a five-day cyberattack in September.
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