Data Breach at Private Equity Giant Raises Red Flags About Cybersecurity in Financial Sector The recent data breach at private equity firm Apollo Global Management serves as a stark reminder that even the largest and most sophisticated financial institutions are vulnerable to cyber threats.
The breach, which involved hackers stealing sensitive information from the company's cloud systems, is part of a wider hacking campaign targeting financial and private equity giants.
According to reports, the hackers used social engineering tactics to trick Apollo employees into divulging sensitive information, gaining access to the company's cloud environment between July 6 and July 10.