After MoneyGram customers could not transfer or access their money, the company said on Saturday that they were experiencing a "network outage" impacting connectivity to their systems.

MoneyGram admitted a “cybersecurity issue” was the cause of its outage, which has knocked its services offline since Sept. 20.

MoneyGram is an American payment and money transfer platform that allows people to send and receive money through an extensive network of 350,000 physical locations in 200 countries or via its ...