Targus, a major computer accessory company, reports cyberattack disrupting business operations


Targus, a major computer accessory company, reports cyberattack disrupting business operations

Targus International, one of the major manufacturers of technology accessories, recently experienced a cyberattack that began on April 5, leading to temporary disruptions in business operations. The company disclosed in an SEC filing that a hacker had gained access to its file systems, prompting Targus to engage outside cybersecurity consultants to address the issue.

Upon discovering the breach, Targus activated its incident response and business continuity protocols to investigate, contain, and remediate the incident. Proactive containment measures were implemented to disrupt unauthorized access, resulting in a temporary interruption in the company’s network operations. The incident has since been contained, and efforts to recover Targus systems are underway.

Although the investigation is ongoing and the incident caused a temporary disruption in business operations, Targus does not currently anticipate a significant impact on its financial condition or overall results of operations. The company has also reported the attack to law enforcement authorities for further investigation.

Targus, a subsidiary of B. Riley Financial, specializes in manufacturing laptop cases, bags, docking stations, tablet cases, keyboards, and other accessories. While the cyberattack affected Targus specifically, other parts of B. Riley Financial were not disrupted. The company, based in Anaheim, California, operates in 100 countries worldwide.

At this time, no hacking group has claimed responsibility for the attack. For further insights, Targus encourages businesses to explore the Recorded Future Intelligence Cloud.

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