VC giant Insight Partners notifies staff and limited partners after data breach

8 months ago


Venture capital firm Insight Partners says it has completed notifying a number of individuals, including the firm’s limited partners, whose personal information was stolen by hackers in a January data breach

In a statement late last week, the company said it completed its review in August following the data breach, which it described as a “social engineering attack” without further explanation.

According to its earlier notice, the stolen data included information about certain Insight Partners’ funds, management companies, and portfolio companies. The hackers also took banking and tax information, the company said, as well as personal information about its current and former employees and its limited partners — the typically private and unnamed investors who help provide capital to Insight’s venture funds.

Insight Partners has so far kept details of the breach under wraps, including how many individuals had data stolen, or provided a copy of the notification it sent to those affected when asked by TechCrunch. The company has not said if it received an extortion demand from the hackers or if it paid the hackers. (It’s not uncommon for companies to face demands for payment in exchange for the hackers deleting or not publishing the stolen data.)

Kristen Zeck, a spokesperson for Insight Partners, did not respond to emails with questions about the breach. 

The company has more than $90 billion in assets under its management and has invested in some of the largest cybersecurity companies today, including Databricks and Wiz. 



Source link

Keep exploring EU Venture Capital:  10T Holdings — TradingView News

EU Venture Capital

EU Venture Capital is a premier platform providing in-depth insights, funding opportunities, and market analysis for the European startup ecosystem. Wholly owned by EU Startup News, it connects entrepreneurs, investors, and industry professionals with the latest trends, expert resources, and exclusive reports in venture capital.