Cyberattack Shuts Down Targus International’s Business Operations, Prompts Hiring of Cybersecurity Consultants

Targus International, a major manufacturer of technology accessories, experienced a cyberattack on April 5 that led to temporary disruptions in business operations. The company revealed in an SEC filing that a hacker had gained access to its file systems, prompting Targus to engage outside cybersecurity consultants to address the issue.

Upon discovering the breach, Targus activated its incident response and business continuity protocols to investigate, contain, and remediate the incident. Proactive containment measures were implemented to disrupt unauthorized access, resulting in a temporary interruption in the company’s network operations. The incident has since been contained, and efforts are underway to recover Targus systems.

Although the investigation is ongoing and the incident caused a temporary disruption in business operations, Targus does not currently anticipate a significant impact on its financial condition or overall results of operations. The company has also reported the attack to law enforcement authorities for further investigation.

Targus, a subsidiary of B. Riley Financial, specializes in manufacturing laptop cases, bags, docking stations, tablet cases, keyboards, and other accessories. While the cyberattack affected Targus specifically, other parts of B. Riley Financial were not disrupted. The company is based in Anaheim, California and operates in 100 countries worldwide.

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