Company Directory - Western Alliance Bank
Company Details - Western Alliance Bank
Western Alliance Bank
WebsitePhoenix, United States
Western Alliance Bank offers high yield savings accounts and a range of financial services, including commercial banking, personal banking, and asset management. The bank is recognized for its customer service and focus on providing tailored financial solutions.
CCI Score
CCI Score: Western Alliance Bank
-29.65
Latest Event
Third-Party Vendor Data Breach Affects 22k WAB Customers
Western Alliance Bank disclosed that a data breach at its third-party vendor’s secure file transfer software compromised personal information for nearly 22,000 customers, including sensitive details such as Social Security and financial account numbers. The breach was identified during a forensic review on February 21, 2025.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
ACCOMPLICE
Western Alliance Bank is currently rated as an Accomplice.
Latest Events
- FEB212025
Western Alliance Bank disclosed that a data breach at its third-party vendor’s secure file transfer software compromised personal information for nearly 22,000 customers, including sensitive details such as Social Security and financial account numbers. The breach was identified during a forensic review on February 21, 2025.
-30
Business Practices and Ethical Responsibility
April 24
The incident reveals a breakdown in risk management as the bank's oversight of its third-party vendor failed to prevent a data breach. This lapse compromised customer privacy and reflects poorly on the bank’s commitment to ethical business practices.
About 22k WAB customers impacted by a zero-day attack on a third-party vendor
-30
Technology and Services Impact
April 24
The breach underscores vulnerabilities in the bank's technological infrastructure, particularly its reliance on third-party secure file transfer solutions. This failure not only endangers customer data but also erodes trust in the bank's ability to safeguard sensitive information.
About 22k WAB customers impacted by a zero-day attack on a third-party vendor
- FEB062025
OpenSecrets data highlights Western Alliance Bancorp's involvement in political spending during the 2024 cycle, with contributions totaling $447,000 and lobbying expenditures of $540,000, indicating significant corporate engagement in influencing policy.
-50
Political Contributions and Lobbying Efforts
April 24
The reported figures from OpenSecrets indicate that Western Alliance Bancorp engaged in notable political spending, with $447,000 in contributions and $540,000 spent on lobbying during the 2024 cycle. Such corporate financial involvement in politics could be used to improperly sway policy-making and potentially align with authoritarian interests, thus warranting a negative score from an anti-fascist perspective.
- JAN272025
Western Alliance Bank disclosed a data breach affecting nearly 22,000 customers, in which sensitive personal information including Social Security numbers was compromised due to a vulnerability in third‐party secure file transfer software. The breach, which occurred from October 12 to October 24 last year, was discovered on January 27, 2025, prompting the bank to notify affected customers and review its security safeguards.
-30
Business Practices and Ethical Responsibility
April 24
The breach exposes serious shortcomings in Western Alliance Bank's business practices and ethical responsibility in safeguarding customer data. The failure to secure sensitive information such as Social Security numbers and financial identifiers reflects a lack of due diligence in protecting vulnerable customer populations against risks that can be exploited in authoritarian surveillance and identity targeting.
-25
Technology and Services Impact
April 24
The technological vulnerability exploited in the breach highlights failures in the bank's IT infrastructure and oversight of its third-party vendors. This raises concerns about the provision of secure technological services, which is essential to prevent misuse of data that could be further exploited by repressive systems.
- DEC312024
Western Alliance Bank disclosed $90,000 in lobbying expenditures during Q4 2024. The lobbying efforts focused on issues such as digital asset regulation, bank prudential standards, deposit insurance, and capital framework adjustments for Fannie Mae and Freddie Mac.
-30
Political Contributions and Lobbying Efforts
April 24
The bank's disclosure of $90,000 in lobbying funds, aimed at influencing regulatory issues related to financial oversight, highlights its strategic political engagement. This activity reinforces established corporate interests and may undermine progressive reforms, aligning with concerns about corporate influence over public policy.
Lobbying Update: $90,000 of WESTERN ALLIANCE BANCORPORATION lobbying was just disclosed
- OCT242024
Western Alliance Bank notified approximately 21,899 customers about a data breach that occurred between October 12 and October 24, 2024, in which sensitive personal and financial information was compromised due to an exploited vulnerability in a third-party vendor’s secure file transfer software.
-20
Business Practices and Ethical Responsibility
April 24
The incident underscores a lapse in ethical business practices and due diligence in protecting customer data. The exposure of sensitive information like Social Security numbers, financial data, and identification details reflects poorly on the bank's commitment to robust security measures, potentially harming vulnerable communities.
Western Alliance Bank notifies 22K people of data breach that compromised SSNs
- OCT122024
Western Alliance Bank suffered a significant data breach affecting 22,000 customers due to a vulnerability in a third-party file transfer software. The breach, occurring between October 12 and October 24, 2024, was not discovered until January 27, 2025, and was publicly disclosed on March 14, 2025 – a delay that exceeded state-mandated notification windows.
-40
Business Practices and Ethical Responsibility
April 24
The bank's delayed breach disclosure and failure to promptly notify affected customers constitute a significant lapse in business practices and ethical responsibility. Such negligence not only undermines customer trust but also reflects poorly on the institution’s commitment to safeguarding sensitive personal data.
-30
Technology and Services Impact
April 24
The breach exploited a vulnerability in third-party file transfer software, exposing highly sensitive customer data. This underscores inadequate cybersecurity measures and a failure to properly vet and secure technological tools, which is critical given the usage of such services in safeguarding private information.
- DEC312023
In 2023, Western Alliance Bancorp spent $470,000 on lobbying efforts, as reported by OpenSecrets. This political expenditure raises concerns regarding the bank's influence on policy-making and its potential role in shaping legislation in favor of corporate interests.
-40
Political Contributions and Lobbying Efforts
April 24
The lobby spending of $470,000 by Western Alliance Bancorp signals active engagement in influencing legislative processes. Such expenditures can be interpreted as an attempt to shape policies that favor corporate interests, potentially undermining progressive reforms and contributing to authoritarian influence in policy-making.
- JAN012023
An OpenSecrets PAC profile indicates that Western Alliance Bancorp raised $496,311 in political contributions during the 2023-2024 election cycle, highlighting the bank’s involvement in channeling funds through PACs and engaging in lobbying-related activities.
-20
Political Contributions and Lobbying Efforts
April 24
The reported political contributions of $496,311 underscore the bank's involvement in influencing policy via PAC spending. From an anti-fascist perspective, corporate engagement in electoral funding can contribute to undue political influence, which may undermine democratic processes and working class interests.
Alternatives
New York, United States
4.55
New York, United States
3.44
Charlotte, United States
-16.83
United States
-67.83
Tel Aviv, Israel
-8.23
Montreal, Canada
-8.61
Boadilla del Monte, Spain
-35.25
Thrissur, India
-50.58
Thrissur, India
-57.39
Corporation
-0.04
Corporate Financials
- Revenue
- 2025
- $487.00M
- Total Assets
- 2025
- $46.00B
- Operating Income
- 2025
- $208.00M
- Total Equity
- 2025
- $7.50B
Industries
- 522110
- Commercial Banking
- 523920
- Portfolio Management
- 522120
- Savings Institutions
- 522190
- Other Depository Credit Intermediation