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Western Alliance Bank admits cyber attack exposed 22,000 customers
An American bank has admitted nearly 22,000 customers had their accounts compromised following an attack that targeted a zero-day flaw in a third-party file-transfer tool. In a regulatory filing, Arizona-based Western Alliance Bank said attackers had access between 12 and 24 October last year, though the bank reportedly only became aware of the attack in January. Hackers accessed customers’ names,…
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Western Alliance Bank notifies 21,899 customers of data breach
Arizona-based Western Alliance Bank is notifying nearly 22,000 customers their personal information was stolen in October after a third-party vendor’s secure file transfer software was breached. Western Alliance is a wholly owned subsidiary of Western Alliance Bancorporation, a leading U.S. banking company with over $80 billion in assets. The bank first revealed in a February SEC filing that the attackers…
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6 Best Bank Reconciliation Software in 2025
The best bank reconciliation software should make it easy to match your bank statements with your financial records. It should also have time-saving features like automation, smooth transaction imports, and the ability to connect with accounting systems when needed. Let’s explore some of the top solutions that fit the bill. QuickBooks Employees per Company Size Micro (0-49), Small (50-249), Medium…
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What is Pay by Bank? Secure Payment Method Explained
Key takeaways: Pay by bank is an electronic exchange of funds that can be used for personal or commercial transactions. For individuals, the pay-by-bank method is popularly used for large, one-time money transfers. For businesses, pay-by-bank transactions are a great alternative to credit cards that charge merchants with much higher processing fees. The latest advancements in pay by bank include…
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Western Alliance Bank notifies 22K people of data breach that compromised SSNs
Western Alliance Bank over the weekend confirmed it notified 21,899 people about an October 2024 data breach that compromised the following info: Names Social Security numbers Dates of birth Financial account numbers Driver’s license numbers Tax ID numbers Passport Ransomware gang Clop claimed responsibility for the breach. This is one of several recent breaches claimed by Clop related to its…
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Business Bank Statement: Definition, Example & More
A business bank statement is an official financial document issued by a bank that records all transactions made within a specific timeframe. It provides a comprehensive view of your business’s financial activity — including deposits, withdrawals, bank fees, and checks cleared. In this guide, I’ll go over a business bank statement’s key components, provide a business bank statement example, and…
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The Last VR Power Bank You’ll Need
Summary This JSAUX battery pack for VR headsets more than doubles the Meta Quest 3’s battery life, lasting roughly 3.5 hours. The neck-resting design allows for ease of movement during VR sessions and will be a comfortable weight for most users. The silicone straps help manage cables on the headset, though it’s possible not every box will include them. There’s…
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How To Close a Business Bank Account
I’ll walk you through how to close a business bank account — from opening a new account (if necessary) and settling the old one to gathering the necessary documentation to process the closure and obtaining written confirmation that the account is closed. I’ve guided countless business owners through the same process smoothly and efficiently. Whether the closure is due to…
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What Is a Bank Failure & How To Protect Your Business
A bank failure occurs when a financial institution becomes insolvent and is closed by regulators because it can no longer meet its obligations. Bank failures can be alarming, especially for small business owners who rely on financial institutions for daily operations. Having worked in the banking industry for many years, I’ve seen firsthand how sudden closures can disrupt businesses, leaving…
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8 Best Bank Accounts for Shopify Stores in 2025
As a Shopify store owner, choosing the right financial provider is crucial for the smooth operation and growth of your business. It’s important to select a bank that not only integrates seamlessly with Shopify but also offers minimal transaction fees and robust support for payment processing. As your business expands, opting for a bank with additional features, such as financing…
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