Carry-on and luggage maker Targus says it is facing a “temporary interruption” of its business operations following a cyberattack on Friday.
In a notice to regulators on Monday, Targus' parent company, B. Riley Financial, said it discovered that a “threat actor gained unauthorized access to certain Targus file systems,” and shut down a significant portion of its network to isolate the incident.
“The incident has been contained and efforts to restore Targus systems are underway,” the statement said.
Details of the Targus cyber attack are now public thanks to a new rule put in place by the US Securities Regulatory Commission that requires public companies to disclose cyber attacks – including on their subsidiaries – that could have a material impact on investors within 96 hours of… Discover it.
Targus did not say what type of interruption its operations experienced. It is not uncommon for companies to shut down their networks in an attempt to prevent hackers from accessing other systems or sensitive data. The company did not specify a time frame for its operations to return to normal.
It is not known whether any Targus customer data was stolen during the break-in, but the company said it would “work with law enforcement regarding unauthorized access to information.”
Founded in 1983, Targus is a popular portable electronics brand and accessory maker. B. Riley acquired Targus in a 2022 deal valued at approximately $250 million.
When reached via email, a B. Riley spokesperson did not immediately comment.
