iscover
Share this article on:
Powered by
MOMENTUM
MEDIA
Laptop and tablet case and bag manufacturer Targus has revealed that its systems were breached by a threat actor in a recent cyber attack.
The laptop bag brand’s parent company, B. Riley Financial, revealed to the SEC that it had detected threat actors on its systems on 5 April 2024.
The hackers had reportedly gained unauthorised access to Targus’ file systems.
“Upon discovery and with assistance from external cyber security counsel and consultants, Targus immediately activated its incident response and business continuity protocols to investigate, contain and remediate the incident,” wrote B. Riley Financial in an 8-K filing with the SEC.
“Through this process, proactive containment measures to disrupt unauthorised access resulted in a temporary interruption in the business operations of the Targus network.”
B. Riley Financial said that it has begun an investigation into the breach to determine what, if any, data has been stolen.
“While the investigation is ongoing and the incident has temporarily disrupted Targus’ business operations, as of the date of this filing, the company does not currently believe that this incident will materially impact the company’s financial condition or results of operations taken as a whole,” the filing said.
“Business operations for each of the company’s other subsidiaries have continued without disruption in all material respects, and no other company business has been affected.”
While Targus has not reported whether any data has been stolen in the breach, the detection of the threat actors in its file systems suggests that data was potentially exfiltrated.
Targus also shut down its IT systems to prevent the attackers from accessing other parts of the systems.
The identity of the attackers is currently unknown, nor is the nature or motivation for the attack. Cyber Daily will provide an update when more information becomes available.
Be the first to hear the latest developments in the cyber industry.
