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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.

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.

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