Even industry leaders can be the target of cyber-attacks. New York-based venture capital firm Insight Partners has confirmed a cyber-attack hit it in January 2025. In a public statement published on 18 February, the investment company said an unauthorized third party accessed some parts of its information systems through a “sophisticated social engineering attack.” The intrusion was detected on 16 January 2025. “As soon as this incident was detected, we moved quickly to contain, remediate, and start an investigation within hours,” the investment firm said.
The intrusion did not impact Insight’s operations and will likely not have any material impact on portfolio companies, Insight funds, or other stakeholders, the company said. Additionally, there is no evidence that the attacker could still access the company’s systems following the remediation measures taken.
Insight Partners also informed law enforcement and notified its partners and portfolio companies, which include several IT and cybersecurity companies, such as Armis, Checkmarx, Island, JFrog, Kaseya, PluralSight, Recorded Future, SentinelOne, and Wiz. “We are working diligently to determine the scope of the incident with the support of third-party cybersecurity experts, a leading forensic and eDiscovery expert, and external legal counsel, which, as shared with stakeholders, will take several weeks,” the firm said.
As of 30 September 2024, Insight Partners had over $90B in regulatory assets under management. It has invested in over 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO.
Jim McKee, CEO of Red Sky Alliance, stated,” For only US$ 500.00 per month, our RedXray service would have notified Insight Partners of the targeted cyber threat before it breached their network.”
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Red Sky Alliance is a Cyber Threat Analysis and Intelligence Service organization. We provide indicators of compromise information via a notification service (RedXray) or an analysis service (CTAC). For questions, comments, or assistance, please get in touch with the office directly at 1-844-492-7225 or feedback@redskyalliance.com
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