Targus International, a major manufacturer of technology accessories, recently experienced a cyberattack that began on April 5. As a result of the breach, the company temporarily disrupted its business operations. The company revealed 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.
The investigation into the attack is ongoing, but at this time, Targus does not 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 specializes in manufacturing laptop cases, bags, docking stations, tablet cases, keyboards, and other accessories. Although the cyberattack affected Targus specifically, other parts of B. Riley Financial were not disrupted. The company is based in Anaheim, California and operates in 100 countries worldwide.
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