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Sequoia Capital Told Investors it was Hacked

The firm told its investors that some personal and financial information may have been accessed by a third party.

 

Sequoia Capital told its investors on Friday that some personal and financial data may have been accessed by a third party after one of its employees succumbed to a successful phishing assault, as per a report of Axios. Sequoia Capital is one of Silicon Valley's most seasoned and most successful venture capital firms with more than $38 billion in assets under management, as per Pitchbook data. The 49-year-old venture capital firm has invested in organizations like Airbnb, DoorDash, and 23andMe. It has likewise put resources into cybersecurity organizations like FireEye and Carbon Black, as indicated by its site. 

Sequoia was established by Don Valentine in 1972 in Menlo Park, California. During the 1990s, Valentine gave control of the organization to Doug Leone and Michael Moritz. In 1999, Sequoia extended its tasks to Israel. Sequoia Capital China was set up in 2005 as an offshoot to the U.S. firm. The organization is driven by Neil Shen. In 2006, Sequoia Capital procured Westbridge Capital Partners, an Indian venture capital firm. It later was renamed Sequoia Capital India. CB Insights perceived Sequoia Capital as the main funding firm in 2013. The U.S. firm had 11 accomplices as of 2016.

Sequoia told investors that it has not yet seen any sign that undermined data is being exchanged or in any case misused on the dark web, Axios reported. A Sequoia representative affirmed on Saturday that it had "recently experienced a cybersecurity incident" that its security team was investigating. It had additionally notified law enforcement and was working with outside cybersecurity experts, the firm said.

A Sequoia spokesperson said, "We recently experienced a cybersecurity incident. Our security team responded promptly to investigate, and we contacted law enforcement and engaged leading outside cybersecurity experts to help remediate the issue and maintain the ongoing security of our systems." He also said, "We regret that this incident has occurred and have notified affected individuals. We have made considerable investments in security and will continue to do so as we work to address constantly evolving cyber threats."

It doesn't create the impression that the hack was associated with the Solarwinds assaults, which incorporated a bigger breach of FireEye and has affected government agencies and large technology companies like Microsoft.
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