Updated
Updated · Bloomberg · Aug 21
Apollo Says July Hackers Stole Personal Data From Cloud Systems as Finance Firms Face New Attacks
Updated
Updated · Bloomberg · Aug 21

Apollo Says July Hackers Stole Personal Data From Cloud Systems as Finance Firms Face New Attacks

3 articles · Updated · Bloomberg · Aug 21

Summary

  • Apollo said hackers breached its systems in July and accessed personal information after using social-engineering tactics to gain entry to data stored in the firm's cloud.
  • July 6-10 marks the breach window Apollo disclosed in a letter dated Aug. 21, with stolen data including names, birth dates, contact details and Social Security numbers.
  • Matthew Breitfelder, Apollo's human resources chief, described the intrusion in a notice posted on the California attorney general's website.
  • Apollo, which manages $938 billion in assets, is the latest major financial firm hit in a recent wave of attempted or successful cyberattacks.
  • Google security researchers have linked that broader campaign to hacking and extortion efforts targeting financial and private-equity firms.

Insights

With ransom demands reaching millions, will Apollo's silence on payment encourage even more devastating attacks on Wall Street?
How did hackers bypass advanced security at a $938 billion financial giant using just a simple phone call?
If cybercriminals can disguise massive data theft as routine file access, is any corporate cloud environment truly secure today?