A main venture capital agency based in California’s Silicon Valley has fallen sufferer to a cyber-attack.
According to Axios, Sequoia Capital contacted buyers on Friday, February 19, to inform them that their economic info and private details experienced been accessed by an unauthorized 3rd celebration. The data breach happened following the email account belonging to an worker at the business was compromised in a phishing attack.
Sequoia Capital is operate from workplaces on Sand Hill Highway in Menlo Park. Companies that the business has invested in include Airbnb, DoorDash, 23andMe, GitHub, Google, Zoom, WhatsApp, YouTube, and Robinhood, and cybersecurity corporations Carbon Black, Tessian, and FireEye.
The 49-year-aged business stated law enforcement had been notified of the security breach and that IT specialists had been employed to look into what took place and restore cybersecurity to the corporation.
“We a short while ago professional a cybersecurity incident. Our security group responded promptly to investigate, and we contacted law enforcement and engaged foremost outdoors cybersecurity professionals to help remediate the issue and maintain the ongoing security of our systems,” explained a Sequoia spokesperson.
“We regret that this incident has occurred and have notified influenced persons. We have created significant investments in security and will go on to do so as we do the job to handle continuously evolving cyber threats.”
Sequoia Funds, which Pitchbook info states has much more than $38bn in property under administration, mentioned it had located no evidence that any investor data compromised in the incident has been misused.
“Phishing attacks are a true threat for quite a few corporations. Nonetheless, not all phishing security incidents are equal and profitable phishing assaults that compromise staff with privileged accessibility or accessibility to privileged knowledge can have a serious impression possibly from ransomware or information theft,” Joseph Carson, main security scientist and advisory CISO at Thycotic informed Infosecurity Magazine.
“The hottest news regarding Sequoia Cash shows that privileged access continues to be a major problem for companies and how critical it is to safeguard privileged entry and access to privileged knowledge,” Carson explained. “Privileged obtain is no more time just about domain admins . . . [I]t is also crucial to think about enterprise customers who have entry to delicate information as privileged obtain.”
Some parts of this article are sourced from: