Targus, a prominent manufacturer of laptop and tablet accessories, revealed a recent cyberattack that caused disruption to its operations. The incident occurred after threat actors gained unauthorized access to the company’s file servers. This breach prompted Targus to activate incident response and business continuity protocols to investigate and contain the situation.
In a filing submitted to the SEC, Targus’ parent company, B. Riley Financial, INC., disclosed the breach, stating that hackers were detected on the network on April 5th, 2024. As a result of the attack, Targus initiated proactive containment measures to disrupt unauthorized access, leading to a temporary interruption in its business operations. Despite the disruption, the company swiftly engaged external cybersecurity experts to aid in the recovery of internal systems.
While Targus has assured that the incident has been contained, the extent of the breach and whether corporate data was stolen remains undisclosed. Given that the hackers targeted the company’s file systems, there is a possibility that data may have been exfiltrated. Targus has taken steps to notify regulatory authorities and law enforcement agencies about the unauthorized access to information, emphasizing the seriousness of the cyberattack.
Although the cyberattack has caused disruption to Targus’ operations, the company is actively working to recover its internal systems with the assistance of cybersecurity experts. Measures such as shutting down IT systems temporarily have been implemented to prevent the spread of the attack and restore affected servers and workstations. Despite the lack of immediate response from the hackers or any ransomware groups, Targus remains vigilant in addressing the aftermath of the breach and enhancing its cybersecurity measures to prevent future incidents.
