It only takes one vendor. That’s the lesson every SaaS and VPN provider should learn from the Bank of America breach 2024. When your users trust you with sensitive data—logins, payments, identity info—it doesn’t matter if the failure came from your system or a third-party’s. The damage is yours to carry.
In early 2024, Bank of America disclosed a breach tied to InfoSync, a third-party payroll and HR vendor. The result? The Bank of America data breach affects 57,000 customers, exposing Social Security numbers, financial account details, and other sensitive information. All through a side door most people didn’t even know existed.
This blog breaks down what happened, why this should matter to any modern tech company, and how to protect your business from the same fate.
What Happened in the Bank of America Data Breach 2024?
Back in November 2023, Bank of America’s third-party provider, InfoSync, was compromised. The breach wasn’t discovered until early 2024. By then, it had already impacted 57,000 customers. We’re talking about names, Social Security numbers, financial data—exactly the kind of information that’s targeted in identity theft and fraud schemes.
The breach didn’t come from BoA’s internal systems. It came from outside. But try explaining that to the 57,000 people who trusted them.
This was confirmed in several reports, including the Bank of America data breach 2024 update published in February. And it wasn’t the first, nor will it be the last. The bank data breach 2024 list keeps growing—and that’s exactly the point.
Bank of America Breach 2024: Who Was Affected?
According to public filings, the Bank of America breach 2024 list includes current and former customers who had their data processed by InfoSync. This vendor handles financial processing tasks, and somewhere in that chain, the controls failed.
The total: 57,028 customers impacted. Some were offered Bank of America breach 2024 compensation, like credit monitoring and identity theft insurance. But once your data is exposed, you don’t get it back.
And if you’re running a SaaS or VPN business, you need to think hard about whether your own partners are just as vulnerable.
Why This Breach Matters to You?
You might not be a bank. But if you’re in SaaS or VPN, you’re holding something just as valuable—data. Customer accounts. Payment records. Admin access. Metadata. Login credentials. And you probably work with third-party vendors: cloud hosts, billing processors, analytics tools, support platforms.
Each one is a possible weak spot.
Just like InfoSync was for Bank of America.
The Bank of America breach today isn’t a one-off. It’s a warning. And if it can happen to a bank with massive resources, it can happen to you with much less effort.
What Banks Were Hacked in 2024? It’s Not Just BoA
The bank data breach 2024 story isn’t limited to one provider. Other financial institutions have reported breaches this year. Some are still under investigation. Most involve third-party systems—proof that vendors remain one of the softest attack surfaces in the security chain.
And if you’re a startup or small provider, the assumption that you’re “not a target” is exactly what makes you one.
How Third-Party Risk Breaks Even the Best Security Plans?
The biggest issue here isn’t firewalls or encryption. It’s trust. Companies place their trust in third-party vendors—often with minimal review. But without proper oversight, that trust becomes a liability.
Ask yourself:
- Do you audit your vendors?
- Do you require compliance certifications?
- Do you control what data they access and how they store it?
- Can you shut off their access immediately if something goes wrong?
Bank of America couldn’t stop the breach—not because they weren’t secure, but because their partner wasn’t.
That’s a hard lesson to learn after the fact.
What Is the New Data Breach in 2025?
It’s only a matter of time before we see another major incident. The Bank of America breach 2025 may not exist yet—but it’s coming. And it may not involve a bank. It could hit a payment gateway, a document signing tool, or a cloud-based developer platform.
What matters is whether you’re prepared. What layers have you built to prevent it? Who has access to your customers’ data? Where are your blind spots?
Because the next breach won’t knock. It’ll just show up in a headline.
How VPN and SaaS Providers Can Protect Themselves?
You need to do more than build a great product. You need to build one that’s hard to exploit.
Here’s where to start:
- Use a VPN internally, not just for your users. Encrypt admin connections, internal dashboards, and remote development environments.
- Vet every vendor you work with. That means checking policies, breach history, certifications, and response protocols.
- Create a vendor risk scorecard, and review it quarterly.
- Log everything. If you don’t track access, you won’t know when something goes wrong.
- Encrypt data in transit and at rest, and rotate your keys.
- Don’t rely on contracts alone. Build real technical safeguards.
Building a VPN? Don’t Reinvent the Wheel. Avoid the Risk.
If you’re looking to launch your own VPN service, the idea of managing compliance, vendor oversight, endpoint security, and user privacy is probably already overwhelming. And it should be.
This is not easy. And if you miss one detail—like the wrong vendor or a misconfigured server—you’re the next name in the headlines.
That’s why smart founders choose to start with a white-label solution.
How PureWL Keeps You Ahead of Breaches?
PureWL gives you the infrastructure, the compliance foundation, and the operational controls—without the stress of building it all from scratch.
Here’s what you get:
- A fully hosted VPN backend, built for security
- A central management dashboard to control users, traffic, and access
- Secure data handling aligned with privacy regulations
- Isolated server environments
- Encrypted communications from start to finish
- No-logs policy backed by real infrastructure, not just marketing
You get to launch your brand, your pricing, your product—without carrying the compliance weight alone.
And that’s how you grow without fear.
You’re One Vendor Away From the Headlines
The Bank of America breach 2024 wasn’t caused by BoA’s systems. But it hurt their customers. And it damaged their brand.
If you’re building something valuable, you need to protect it. That means looking beyond your own code and your own team. You need to know what your vendors are doing—and you need tools that don’t leave you guessing.
PureWL helps you build that kind of business.
👉 Launch a VPN that’s ready for the real world.
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