Insight Partners Confirms January Cyberattack - VC Giant Hit by Breach

Insight Partners Confirms January Cybersecurity Breach

Insight Partners, a venture capital firm headquartered in the U.S., has officially acknowledged a security breach that occurred in January.

Details of the Incident

The cybersecurity incident was confirmed to TechCrunch via a statement released by Insight Partners on Tuesday. Initial reporting regarding the breach was brought to light earlier by Calcalist.

According to the statement, the firm identified unauthorized access to “certain Insight information systems” on January 16th. This access was gained through a complex social engineering attack perpetrated by an external party.

Rapid Response and Investigation

Upon detection of the incident, immediate action was taken. The company states that containment, remediation, and a thorough investigation were initiated within hours.

Stakeholder Notification and Assets Under Management

Insight Partners, which manages over $90 billion in assets, has informed relevant stakeholders about the breach. Notably, the firm has made investments in several cybersecurity companies, including Armis and Wiz.

Data Compromise Assessment

While the precise nature of the security incident remains unconfirmed, and the company hasn't explicitly stated whether data was stolen, Insight Partners is advising its partners to implement enhanced security measures. This suggests a potential for data access.

Limited Further Information

A spokesperson for Insight Partners, Natalie Sawyer, declined to provide further details to TechCrunch. This included responses to inquiries about any operational disruptions caused by the incident.

Operational Outlook

In its official statement, Insight Partners anticipates “no additional disruption” to its ongoing business operations.

The firm is continuing to assess the full scope of the breach and implement measures to strengthen its security posture.