Targus, a manufacturer of mobile gadgets and bags, experienced a cyberattack resulting in a temporary interruption to its operations.
A cyberattack occurred on Friday, causing a “temporary interruption” to the company’s business operations, according to Targus, a maker of mobile gadgets and bags.
B. Riley Financial, the parent company of Targus, informed regulators on Monday that it had isolated the situation after discovering “a threat actor gained unauthorized access to certain of Targus’ file systems” and having shut down a large portion of its network.
They are currently working on recovering its systems and has contained the situation, according to the statement.
A new rule by the U.S. securities regulator mandates that public corporations disclose cyberattacks, including those on their subsidiaries, that potentially damage investors significantly within 96 hours of their discovery. As a result, details of the cyberattack are now available to the public.
They did not disclose the nature of the disruption to its operations. Businesses often disable their networks to stop hackers from gaining access to other systems or private information. The business did not specify when it expected business as usual to resume.
While the exact nature of any stolen client data from them is unknown, the firm has stated its intention to “work with law enforcement with respect to the unauthorized access to information.”
Targus is a well-known manufacturer of mobile electronics and accessories that has been around since 1983. B. Riley valued Targus’ 2022 acquisition at around $250 million.
A representative from B. Riley did not respond right away when contacted via email.