Insight Partners, VC Giant, Falls to Social Engineering

"Organizations should establish secure communication channels with partners that can be used to verify such messages received," he advised, adding, "technical methods to prevent the impact of social engineering attacks on an organization's sensitive data include implementing privileged access management (PAM) and multifactor authentication (MFA) tools. "We notified stakeholders connected to Insight in January to alert them and encourage vigilance and tightened security protocols irrespective of having shared data compromised," the company noted. Incident response teams mitigated the breach within "hours," the company said, and it saw no operational disruption, but the incident once again highlights the weakness of the human element in cyber-defense. Insight Partners, the venture capital fund that has investments in multiple cybersecurity firms, has confirmed a data breach. He added, "This creates a vast potential for attackers to inject themselves into such an exchange, posing as a known contact and asking for some urgent action to avoid harmful consequences for an organization. "Insight Partners manages more than 500 current investments with a team of about 140 professionals," he said via email.

This Cyber News was published on www.darkreading.com. Publication date: Wed, 19 Feb 2025 22:15:18 +0000


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