Mobile gadget and bag maker Targus has announced that its business operations are “temporarily suspended” following Friday's cyber attack.
Targus' parent company, B. Riley Financial, said in a regulatory notice on Monday that it had discovered that “threat actors had gained unauthorized access to portions of Targus' file system” and that it had discovered that “threat actors had gained unauthorized access to portions of Targus' file system” and that it had He said it had largely shut down.
“The incident has been brought under control and work to restore the Targus system is underway,” the statement said.
Details of the cyberattack at Targus are based on U.S. securities regulators that require public companies to disclose cyberattacks (including those involving subsidiaries) within 96 hours of discovery that could have a material impact on investors. Thanks to the new rules, now published.
Targus did not say what kind of disruption to operations occurred. It is not uncommon for companies to shut down their networks to prevent intruders from accessing other systems or sensitive data. The company did not say when operations would return to normal.
It is unclear whether Targus customer data was stolen in the breach, but the company said it would “cooperate with law enforcement regarding any unauthorized access to information.”
Founded in 1983, Targus is a popular mobile electronics brand and accessories manufacturer. B. Riley acquired Targus in 2022 in a deal worth approximately $250 million.
A spokeswoman for Mr. B. Reilly did not immediately respond to an email request for comment.