Apollo Global reveals data breach after hackers target financial firms

August 21 revealed that asset management firm Apollo Global Management had recently fallen victim to a data breach. The unauthorized access to their cloud platforms occurred between July 6 and July 10, according to a letter issued by the firm on Friday. The compromised data included personal details such as names, dates of birth, contact information, home addresses, and social security numbers.

Investigations by Apollo revealed that hackers had employed low-tech tactics, such as making phone calls, to target financial institutions. Despite the rise of sophisticated security programs and AI-driven threats, such methods remain highly effective, according to cybersecurity experts. To date, there is no evidence to suggest that the stolen information has been publicly posted or used for fraudulent activities, including identity theft.

Apollo Global Management, based in New York, is currently conducting further investigations into the incident. The company promptly informed law enforcement and engaged outside cybersecurity and forensic experts to assist in their probe. Affected individuals are being offered complimentary third-party identity protection and credit monitoring services by the firm.

The data breach is not an isolated incident. Earlier this month, other prominent U.S. financial firms, including ride-hailing company Uber and jeans brand Levi Strauss, reported experiencing cybersecurity incidents involving unauthorized access to their systems.