Venture capital giant Insight Partners has begun notifying thousands of current and former employees and limited partners about a major data breach. The Insight Partners data breach involved a ransomware attack where hackers stole personal, banking and tax information from the firm’s HR systems. According to official notices, more than 12,600 individuals were impacted by the incident.
The firm filed notices with authorities in Maine and California this week, revealing that the security intrusion began in mid-October 2024. Hackers reportedly accessed and exfiltrated data for months before encrypting the firm’s servers on January 16, 2025. The stolen data included sensitive details about the firm’s funds, management information and personal data of staff and investors.
In a statement regarding the Insight Partners data breach, the firm attributed the initial intrusion to a “social engineering attack” but did not provide further specifics. The company has not disclosed whether a ransom was demanded or paid and a spokesperson did not respond to inquiries on the matter.
Unfortunately, Insight Partners isn’t alone. This attack is part of a worrying trend hitting major investment firms, with both Sequoia Capital and Advanced Technology Ventures suffering similar hacks recently. The Insight Partners data breach is especially alarming since Insight manages over $90 billion and invests in top cybersecurity companies like Wiz. It proves that even the experts are vulnerable. Now, the biggest concern is that the stolen data could be used for more scams or fraud, putting a wide network of investors and their companies in danger.
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