This week, Insight Partners experienced a sophisticated social engineering attack, highlighting the urgent need for enhanced cybersecurity in the venture capital sector. It’s the third major breach in four years, following incidents at Sequoia Capital and Advanced Technology Ventures. Experts emphasize that cybersecurity is now a business-wide issue, requiring robust measures beyond simply adding software. Recommended strategies include password-protecting sensitive documents like K-1s, keeping cybersecurity insurance policies offline, developing an incident response plan, and investing in secondary defenses to manage breaches effectively. The stigma surrounding breaches is decreasing, encouraging transparency about cyberattacks and their impact on stakeholders.