Insight Partners, a venture capital firm headquartered in the U.S., has acknowledged that its systems were compromised by hackers in January.
In a statement released on Tuesday, Insight Partners confirmed the cybersecurity breach when contacted by TechCrunch. The breach was initially reported by Calcalist earlier that same day.
According to the statement from Insight Partners, an “unauthorized third party” was able to gain access to “certain Insight information systems through a sophisticated social engineering attack” on January 16. The firm has not disclosed the specific type of social engineering attack that occurred.
“Upon detecting this incident, we acted promptly to contain, remediate, and initiate an investigation within hours,” the statement indicated.
With over $90 billion in assets under its management, Insight Partners has invested in a range of cybersecurity firms such as Armis and Wiz, and it has informed its stakeholders about the breach.
While the company has not detailed the nature of the security breach or confirmed if any data was exfiltrated, it is advising its partners to implement “enhanced security measures despite the potential compromise of shared data,” hinting that unauthorized access might have occurred.
In response to inquiries from TechCrunch, Insight Partners representative Natalie Sawyer refrained from providing details, including whether the incident impacted business operations.
The firm stated in its release that it anticipates “no further disruption” to its activities.
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