Private equity firm Apollo confirms data breach amid hacking wave targeting financial giants
Private equity firm Apollo Global Management confirmed a data breach involving the theft of personal information from its cloud systems. The incident, attributed to social engineering, follows a broader trend of cyberattacks targeting major financial institutions.
Why it matters
The breach highlights the growing vulnerability of massive financial institutions to sophisticated social engineering tactics and the potential risk to sensitive personal data.
Private equity giant Apollo Global Management has confirmed a data breach in which hackers stole reams of personal information from the company’s cloud systems.
The breach comes a month after security researchers sounded the alarm on a new hacking campaign targeting financial and private equity giants.
The financial giant confirmed the incident in a letter filed with California’s attorney general . Apollo’s human resources chief Matthew Breitfelder said that hackers used a social engineering attack to gain access to the company’s cloud environment between July 6 and July 10. The hackers took names, birth dates, contact information, including home addresses, and Social Security numbers.
The letter does not specifically say who had their personal information stolen, such as Apollo employees or individuals at companies it owns. Apollo is one of the world’s largest private equity firms with $938 billion in assets under its management.
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