Apollo Global Management disclosed that hackers gained unauthorized access to some of its cloud platforms between July 6 and July 10, exposing names, dates of birth, addresses, and Social Security numbers. The breach comes weeks after Apollo reported assets under management crossed $1 trillion for the first time, reaching $1.05 trillion in the second quarter, up 25% year over year. Fee-related earnings hit a record $785 million, also up 25%, and management fees climbed 23%. Apollo says its investigation is ongoing and it has found no evidence yet that the stolen information has been posted publicly or used for identity theft, and it is offering affected individuals free credit monitoring and identity protection.
Apollo Global Management LLC Class AData breach exposing personal information may lead to regulatory scrutiny and reputational damage.
