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Western Union has experienced multiple data breaches over the years that have compromised customers' personal and financial information. In the most recent breach in 2017, personal data of over 20,000 Western Union customers was stolen due to a hack of one of the company's storage providers. Western Union was also fined $586 million by the FTC in 2017 for willfully failing to protect customers' information over many years, and allowing criminals to use the money transfer service to scam consumers. The company continues to face regulatory scrutiny and lawsuits regarding its data security practices and consumer protection policies.

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Sufyan Ashraf
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85 views1 page

Https

Western Union has experienced multiple data breaches over the years that have compromised customers' personal and financial information. In the most recent breach in 2017, personal data of over 20,000 Western Union customers was stolen due to a hack of one of the company's storage providers. Western Union was also fined $586 million by the FTC in 2017 for willfully failing to protect customers' information over many years, and allowing criminals to use the money transfer service to scam consumers. The company continues to face regulatory scrutiny and lawsuits regarding its data security practices and consumer protection policies.

Uploaded by

Sufyan Ashraf
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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https://en.wikipedia.

org/wiki/Western_Union

https://www.theregister.co.uk/2018/02/13/western_union_storage_hack/

https://www.ftc.gov/news-events/blogs/business-blog/2017/01/586-million-western-union-settlement-
be-careful-about

https://www.databreaches.net/western-union-customer-data-stolen-company-blames-an-unnamed-
storage-firm/

https://wccftech.com/western-union-customer-data-stolen/

https://www.businesswire.com/news/home/20180213006403/en/Western-Union-Reports-Fourth-
Quarter-Full-Year

https://www.scmagazine.com/personal-information-of-20000-western-union-customers-
hacked/article/556498/

https://abcnews.go.com/Technology/story?id=119471&page=1

http://abcnews.go.com/US/story?id=95806&page=1

https://www.safeharboroncyber.com/2018/02/14/western-union-wired-customers-money-hackers-
transferred-personal-deets/

https://www.sec.gov/

https://oag.ca.gov/ecrime/databreach/reports/sb24-65549

http://ir.moneygram.com/sec.cfm?
DocType=Quarterly&Year=2007&SortOrder=Date+Descending&FormatFilter=

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