"The venture firm has now said in a formal data breach notification filed with California's attorney general this week that the hackers broke in during mid-October 2024 to the company's human resources system. It said the hackers exfiltrated data from Insight's servers and began encrypting the systems on January 16, 2025, a hallmark of a ransomware attack. Insight separately also told the Maine attorney general this week in an official notice that the ransomware attack affects more than 12,600 people."
"But according to the company's earlier statement, the stolen data included information about certain Insight Partners' funds, management companies, and portfolio companies. The hackers also took banking and tax information, the company said, as well as personal information about its current and former employees and its limited partners - the typically private and unnamed investors who help provide capital to Insight's venture funds."
Insight Partners experienced a security breach with unauthorized access to its human resources system beginning in mid-October 2024. Hackers exfiltrated data from company servers and began encrypting systems on January 16, 2025, consistent with ransomware activity. Notifications filed with California and Maine authorities state the incident affects more than 12,600 people. Stolen material included information about certain funds, management companies, portfolio companies, banking and tax records, and personal details of current and former employees and limited partners. The company has not disclosed whether it received or paid an extortion demand. A spokesperson did not respond to pre-publication questions. Insight manages more than $90 billion in assets.
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