Mobile gadget and bag maker Targus says it is experiencing a “temporary interruption” of its business operations following a cyberattack on Friday.
In a notice to regulators Monday, Targus parent company B. Riley Financial said it discovered “that a malicious 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 efforts to recover the Targus systems are underway,” the statement said.
Details of the Targus cyberattack are now public thanks to a new rule from the U.S. securities regulator that requires public companies to disclose cyberattacks – including against their subsidiaries – that could materially impact investors within 96 hours following their discovery.
Targus did not specify what type of interruption to its operations it was experiencing. It’s not uncommon for businesses to shut down their networks to prevent intruders from accessing other systems or sensitive data. The company has not given a time frame for when its operations will return to normal.
It’s unclear whether any Targus customer data was stolen in the intrusion, but the company said it would “work with law enforcement 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.
Contacted by email, a spokesperson for B. Riley did not immediately comment.
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