Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Audits

Advanced Technology Ventures Discloses Ransomware Attack

Silicon Valley venture capital firm Advanced Technology Ventures (ATV) this week announced that personal information of some of its private investors was stolen in a ransomware attack.

Silicon Valley venture capital firm Advanced Technology Ventures (ATV) this week announced that personal information of some of its private investors was stolen in a ransomware attack.

In a notification letter sent to the Maine Attorney General’s office, ATV revealed that it discovered a ransomware infection in July and an investigation found that some of its data was stolen in the incident.

Data on two servers holding financial information was encrypted and exfiltrated in the attack, the firm says.

The compromised data, ATV reveals, includes personal information such as names, emails, phone numbers, and Social Security Numbers of individual investors.

“We are not at this time aware of any fraud or misuse of your information as a result of this incident,” the company notes.

In the notice, the venture capital firm said that 300 individuals were affected in the incident.

“We also required all employees to change their access credentials and deployed additional endpoint protection on our corporate network to help prevent this type of incident from reoccurring in the future,” ATV says.

The California-based venture capital and private equity firm has more than $1.8 billion in capital under management and has made investments in market sectors such as IT, healthcare, and clean-tech.

Advertisement. Scroll to continue reading.

Related: IBM: Average Cost of Data Breach Exceeds $4.2 Million

Related: University of San Diego Health Says PII Stolen in Data Breach

Related: Fashion Retailer Guess Notifies Users of Data Breach

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Understand how to go beyond effectively communicating new security strategies and recommendations.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybercrime

A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

Cyberwarfare

WASHINGTON - Cyberattacks are the most serious threat facing the United States, even more so than terrorism, according to American defense experts. Almost half...