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VC Giant Sequoia Capital Informs Investors of Data Breach

Silicon Valley-based venture capital giant Sequoia Capital informed investors last week that their information may have been compromised in a data breach.

Axios, which broke the news on Saturday, said investors were told that some of their personal and financial information may have been accessed after a Sequoia employee fell victim to an email phishing attack.

According to Axios, the VC firm told investors that it had been monitoring the dark web to see if the compromised information would surface — it had not at the time when investors were first notified.

Sequoia has since confirmed being hacked, saying that its security team responded promptly to what it described as a “cybersecurity incident.” The company said it hired an outside cybersecurity firm to “help remediate the issue and maintain the ongoing security of our systems.” Law enforcement has also been informed about the incident.

Sequoia has invested in many tech companies, including ones that provide apps and services, data and analytics, developer tools, hardware, infrastructure, marketing, networking, cybersecurity, and storage, as well as financial, gaming, healthcare, media, productivity, search and social firms.

Its website lists 300 U.S. companies — including tech giants Google, Apple and Cisco — as well as hundreds of others in China, India and Israel. Sequoia has invested in several cybersecurity companies, including Netskope, Salt Security, StackRox, Wiz, Skyhigh Networks, SentinelOne, FireEye and Palo Alto Networks.

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.