Under Fire: Apex Business Advisory Ltd's Battle Against 8base Ransomware
Apex Business Advisory Ltd Suffers Ransomware Attack
Company Overview
Apex Business Advisory Ltd, a consulting firm based in Kenya, has fallen victim to a ransomware attack by the group 8base. The company specializes in providing advisory services to private and public businesses, focusing on delivering practical and actionable recommendations for growth and value enhancement.
It provides a wide range of services across various sectors, including capital raising, advisory services, fund services, digital banking, depositary, custody, corporate services, and ESG Ratings and Advisory solutions.
Vulnerabilities
The ransomware attack on Apex Business Advisory Ltd highlights the pressing cyber threats faced by businesses, especially in sectors like business services. With over 13,000 employees globally across 112 offices, Apex is vulnerable to cyber attacks. The 8Base ransomware group, known for aggressive tactics, targets small to medium-sized enterprises, posing a significant risk to companies like Apex. Urgent action is needed to address vulnerabilities and strengthen cybersecurity measures to mitigate the risk of future attacks.
Sources
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