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The compliance architecture that financial institutions must maintain is, by design, a dense collection of personal identifiers.
Know-your-customer and anti-money-laundering requirements oblige private equity groups to gather, verify, and retain the kind of data that makes identity fraud straightforward: legal names, residential addresses, Social Security numbers.
Apollo, the private equity group, has confirmed that a cyber attack last month resulted in the theft of exactly that combination from its systems. Apollo launched a probe following the incident.
That investigation determined that names, home addresses, and Social Security numbers had been accessed and removed. The specific weight of what was taken A Social Security number is a permanent identifier.
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