Under Fire: Apex Business Advisory Ltd's Battle Against 8base Ransomware

Incident Date:

April 3, 2024

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Under Fire: Apex Business Advisory Ltd's Battle Against 8base Ransomware


Apex Business Advisory Ltd




Nairobi, Kenya

, Kenya

First Reported

April 3, 2024

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.


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.


Recent Ransomware Attacks

The Recent Ransomware Attacks (RRA) site acts as a watchtower, providing you with near real-time ransomware tracking of attacks, groups and their victims. Given threat actors’ overarching, lucrative success so far, ransomware attacks have become the most ubiquitous, and financially and informationally impactful cyber threat to businesses and organizations today.

The site’s data is generated based on hosting choices of real-world threat actors, and a handful of other trackers. While sanitization efforts have been taken, we cannot guarantee 100% accuracy of the data. Attack updates will be made as source data is reported by reputable sources. By viewing, accessing, or using RRA you acknowledge you are doing so at your own risk.