Subj : Venture capital giant IdeaLab confirms breach, says private data
To   : All
From : TechnologyDaily
Date : Fri Jul 04 2025 15:15:07

Venture capital giant IdeaLab confirms breach, says private data was stolen 
in attack

Date:
Fri, 04 Jul 2025 14:06:00 +0000

Description:
In October 2024, Hunters International breached IdeaLab.

FULL STORY
======================================================================IdeaLab 
confirms it suffered a data breach, offers identity theft protection and 
credit monitoring Recently-departed ransomware operators Hunters 
International took responsibility The decryption key were recently published 

Technology startup incubator IdeaLab has confirmed suffered a cyberattack in 
which it lost sensitive company files. 

The organization confirmed the news after an extensive investigation that 
took almost a year, noting in a data breach notification letter sent earlier 
to affected individuals the attack most likely took place on October 4 2024, 
when cybercriminals accessed its network and stole sensitive information on 
current and former employees, current and former support service contractors, 
and their dependents. 

We dont know exactly how many people were affected by this attack, or what 
the nature of the data is. IdeaLab just said the attackers took peoples 
names, in combination with variable data. 

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Still, it offers affected individuals complimentary identity theft protection 
services through IDX, which includes 24 months of credit and dark web 
monitoring, a $1 million identity fraud loss reimbursement policy, and fully 
managed identity theft recovery services. 

At the same time, the media reported that a ransomware operation known as 
Hunters International took responsibility for the attack, adding the stolen 
data to its leak site, likely after a failed extortion attempt. 

Allegedly, the leaked archive was 262.8 GB in size, and contained 137,000 
files. Interestingly enough, earlier today Hunters International announced it 
was disbanding, apologized for the inconvenience caused, and shared 
decryption keys for all of its victims. Its safe to assume IdeaLab is 
included in this list, as well. 

The motive behind the shutdown remains in the domain of speculation, with 
multiple security outfits believing the group was simply rebranding in order 
to hide its tracks from law enforcement and cut ties with previous 
affiliates. 

Researchers from Recorded Future, Group-IB, and many others, have pointed out 
that Hunters International recently launched a parallel operation called 
World Leaks, that does not deploy encryptors and just focuses on extortion. 

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leaked by ransomware gang Take a look at our guide to the best authenticator 
app We've rounded up the best password managers



======================================================================
Link to news story:
https://www.techradar.com/pro/security/venture-capital-giant-idealab-confirms-
breach-says-private-data-was-stolen-in-attack


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