$1.8 billion in assets under Silicon Valley venture capital firm was hit by a ransomware attack

Risk to Business: 1.207 = Extreme

Advanced Technology Ventures, a Silicon Valley venture capital firm with more than $1.8 billion in assets under its management, has disclosed that it was hit by a ransomware attack. The cybercriminals were able to steal personal information about the company’s private investors. ATV said it became aware of the attack on July 9 after its servers storing financial information were encrypted by ransomware. By July 26, the company learned that its investor data had been stolen from the servers before the files were encrypted, a hallmark of the “double extortion” tactic used by ransomware groups.

Individual Risk: 1.326 = Extreme

Investor data was accessed by cybercriminals. ATV believes the names, email addresses, phone numbers and Social Security numbers of the individual investors in ATV’s funds were stolen in the attack. Some 300 individuals were affected by the incident