blackbyte attacks Apex Capital Corp

Incident Date:

August 17, 2022

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blackbyte attacks Apex Capital Corp


Apex Capital Corp




Fort Worth, USA

Texas, USA

First Reported

August 17, 2022

Apex Capital Corp. Suffers Ransomware Attack by BlackByte

Company Overview

Apex Capital Corp., a freight factoring company headquartered in Fort Worth, Texas, has been targeted by the ransomware group BlackByte. The attack, which occurred in early August 2022, resulted in a significant system outage, affecting both Apex Capital and its subsidiary, TCS Fuel.

Apex Capital Corp. specializes in providing financial services for small and medium-size trucking companies. The company has grown into one of the largest factoring companies in the U.S. since its founding nearly 27 years ago by co-founders David Baker and Dean Tetirick.

Impact of the Attack

The ransomware attack caused a major disruption in Apex Capital's services, with users reporting problems accessing the company's services portal since at least Monday. Despite the efforts to restore client access to services, the process has been slow, and there is currently no estimated time for services to be fully restored.

Vulnerabilities and Mitigation

The attack on Apex Capital Corp. highlights the need for robust cybersecurity measures to protect against ransomware attacks. Companies in the transportation sector, like Apex Capital, are particularly vulnerable due to their reliance on digital systems and the potential for sensitive data breaches.

To mitigate the risks of ransomware attacks, companies should implement multi-layered security measures, including regular software updates, employee training, and the use of reliable backup systems. Additionally, companies should be prepared to respond quickly and effectively in the event of a cyber attack, including having a well-defined incident response plan in place.

The ransomware attack on Apex Capital Corp. serves as a reminder of the importance of robust cybersecurity measures for companies in the transportation sector. Despite the challenges posed by the attack, Apex Capital remains committed to providing the best service possible to its clients.


Recent Ransomware Attacks

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