Targus, a company specializing in mobile gadgets and bags, is currently dealing with a disruption in its business operations following a cyberattack on Friday.
According to a statement released by Targus’ parent company, B. Riley Financial, unauthorized access was gained by a threat actor to some of Targus’ file systems, leading to a shutdown of a significant portion of its network for containment purposes.
The company reassured that the incident has been contained, and efforts are underway to recover Targus’ systems.
Following new regulations mandating disclosure of cyberattacks by public companies, including their subsidiaries, Targus made details of the attack public within the required 96-hour timeframe.
Although the nature of the operational interruption caused by the cyberattack was not specified, companies often opt to shut down networks to prevent further unauthorized access to sensitive information. Targus did not provide an estimate for when normal operations would resume.
While the extent of potential data breaches is unknown, Targus pledged to collaborate with law enforcement to address the unauthorized information access.
Established in 1983, Targus is a renowned brand for mobile electronics and accessories; it was acquired by B. Riley in a deal amounting to about $250 million in 2022.
Despite inquiries made via email, a spokesperson for B. Riley has yet to provide a formal comment.
