Ethical Hacking News
Venture capital giant Insight Partners suffered a sophisticated social engineering attack that compromised some of its information systems, according to a statement released by the company. The breach occurred on January 16 and did not result in any additional disruptions to Insight's operations. While details regarding the nature of the attack are still unknown, the company has assured stakeholders that it will work diligently to determine the scope of the incident with the support of cybersecurity experts.
Insight Partners, a $90 billion venture capital firm, was breached following a sophisticated social engineering attack. The breach occurred on January 16 and affected some of the company's information systems. No evidence was found that attackers maintained access to Insight Partners' network after being detected. There was no disruption to Insight Partners' operations as a result of the incident, and no material impact on portfolio companies or stakeholders is expected. Insight Partners tightened security protocols and committed to maintaining vigilance despite shared data being compromised.
Venture capital giant Insight Partners, a New York-based firm managing over $90 billion in regulatory assets and having invested in over 800 software and technology startups worldwide during its 30 years of activity, has recently disclosed that its systems were breached following a sophisticated social engineering attack. The breach occurred on January 16, and the company promptly notified law enforcement in relevant jurisdictions and hired third-party cybersecurity experts to investigate the incident.
In a statement released Tuesday, Insight Partners confirmed that "some of our information systems were breached through a sophisticated social engineering attack." The firm stated that as soon as this incident was detected, it moved quickly to contain, remediate, and start an investigation within a matter of hours. Furthermore, Insight Partners added that no evidence was found that the attackers maintained access to its network after their presence was discovered.
Despite not providing further information on the nature of the attack or whether company or partner data was accessed or stolen in the breach, Insight Partners assured stakeholders that there has been "no additional disruption to Insight's operations as a result of the incident." The company also expressed confidence that based on what is known, "there will be no material impact on portfolio companies, Insight funds or other stakeholders."
Insight Partners emphasized its commitment to maintaining vigilance and tightened security protocols, irrespective of having shared data compromised. The firm underscored its determination to work diligently with the support of third-party cybersecurity experts, a leading forensic and eDiscovery expert, and external legal counsel to determine the scope of the incident.
The company's proactive response to this incident underscores its dedication to prioritizing information security and minimizing potential risks associated with data breaches. This development serves as a reminder that sophisticated attacks can occur even in well-established organizations like Insight Partners, emphasizing the importance of robust cybersecurity measures for all businesses.
Related Information:
https://www.bleepingcomputer.com/news/security/venture-capital-giant-insight-partners-hit-by-cyberattack/
https://techcrunch.com/2025/02/18/vc-giant-insight-partners-confirms-january-cyberattack/
Published: Tue Feb 18 16:03:50 2025 by llama3.2 3B Q4_K_M
