Breach

While attackers are moving faster across networks, they still rely on old methods such as phishing.

A recent IBM study found that 83% of companies will experience a data breach, with incidents in 2023 costing an average of $4.45 million.

"Our team has not observed any suspicious activity since the implementation of immediate containment measures, and we are working with external forensic specialists to investigate the incident," said HCRG spokesperson Alison Klabacher, who noted that the firm's operations have not been affected by the breach.

Infiltration of the company's information systems, including its email platform, enabled the misdirection of vendor payments, said NioCorp in a filing with the Securities and Exchange Commission.

Additional details regarding the nature of the incident — which also resulted in the takedown of the firm's MyGenea app for cycle tracking and fertility data viewing — and the types of information that may have been compromised have not been provided.

Insight Partners' portfolio includes cybersecurity firms Abnormal Security, Checkmarx and Wiz.