Targus, a maker of handbags and mobile devices, says it is experiencing a “temporary disruption” to its business operations following a cyberattack on Friday.
In a notice sent 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 much of its network to isolate the incident.
“The incident has been contained and recovery efforts for Targus systems are underway,” the statement said.
Details of the Targus cyberattack are now public thanks to a new rule from the US securities regulator that requires public companies to disclose cyberattacks (including to their subsidiaries) that could have a material impact on investors within the companies. 96 hours after its discovery.
Targus did not say what type of disruption to its operations it was experiencing. It is not uncommon for companies to shut down their networks in an effort to prevent intruders from accessing other systems or sensitive data. The company did not give a timeline for when its operations would return to normal.
It is not known if Targus customer data was stolen during the intrusion, but the company said it will “work with authorities regarding unauthorized access to information.”
Founded in 1983, Targus is a popular mobile electronics brand and accessories manufacturer. B. Riley acquired Targus in a 2022 deal worth approximately $250 million.
When contacted by email, a spokesperson for B. Riley had no immediate comment.
