Insight Partners Notifies Staff, LPs of Data Breach
▼ Summary
– Insight Partners has notified individuals, including limited partners, whose personal data was stolen in a January data breach.
– The breach was described as a “social engineering attack,” and the company completed its review in August.
– Stolen information included fund, management, and portfolio company data, as well as banking, tax, and personal details of employees and limited partners.
– The company has not disclosed the number of affected individuals or whether it received or paid any extortion demands from the hackers.
– Insight Partners manages over $90 billion in assets and has invested in major cybersecurity firms like Databricks and Wiz.
Venture capital powerhouse Insight Partners has confirmed it has finished alerting individuals impacted by a significant data breach that occurred earlier this year. The incident, which took place in January, resulted in the theft of sensitive personal and financial information belonging to the firm’s limited partners, current and former employees, and details related to its investment funds and portfolio companies.
In a recent statement, the firm disclosed that its internal review of the breach concluded in August. Insight Partners characterized the event as a “social engineering attack,” though it did not elaborate on the specific tactics used by the intruders. The compromised data reportedly included banking details, tax documents, and a range of personally identifiable information, putting affected individuals at potential risk of fraud or identity theft.
The company has maintained a notably guarded stance regarding the scope and specifics of the incident. It has not revealed the total number of people involved or shared a copy of the formal breach notification when requested. Additionally, Insight Partners has not commented on whether the hackers issued any extortion demands or if any payments were made, a common occurrence in such cyber incidents where attackers often seek ransom in exchange for not leaking or misusing stolen data.
A spokesperson for the firm, Kristen Zeck, did not reply to multiple inquiries seeking further clarification. Insight Partners oversees more than $90 billion in assets and counts several leading cybersecurity firms among its investments, including industry names like Databricks and Wiz.
(Source: TechCrunch)
