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Private equity firm Apollo confirms data breach amid hacking wave targeting financial giants
TechCrunch • • business
Key Points:
- Apollo Global Management confirmed a data breach where hackers accessed its cloud systems and stole personal information, including names, birth dates, contact details, and Social Security numbers, between July 6 and July 10.
- The breach was carried out via a social engineering attack, with hackers impersonating IT helpdesks to trick employees into revealing passwords and multi-factor authentication codes.
- The company disclosed the incident in a letter to California’s attorney general but did not specify whose personal data was compromised or whether a ransom was paid.
- This breach follows warnings from security researchers about a broader hacking campaign targeting financial and private equity firms, with hackers demanding ransoms up to $750,000.
- Apollo, managing $938 billion in assets and employing around 5,000 people, was among several major firms targeted in this extortion campaign, which uses stolen data to threaten public leaks unless ransoms are paid.
