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Targus says cyber attack disrupts operations

Mobile device and luggage maker Targus said it had experienced a “temporary disruption” to its business operations following a cyberattack on Friday.

In a notice to regulators on Monday, Targus parent company B. Riley Financial said it discovered “a threat actor gained unauthorized access to certain Targus file systems” and shut down much of the network to isolate it. event.

“The incident has been brought under control and efforts to restore the Targus system are underway,” the statement said.

Details of the Targus cyberattack are now public, thanks to a new rule from U.S. securities regulators that requires public companies to disclose cyberattacks, including attacks on their subsidiaries, that could impact the company within 96 hours of discovery. Investors have a significant impact.

Taggs did not disclose what disruptions its operations have experienced. It’s not uncommon for companies to shut down their networks to prevent intruders from accessing other systems or sensitive data. The company did not give a timetable for when operations would return to normal.

It’s unclear whether Targus customer data was stolen in the breach, but the company said it would “cooperate with law enforcement to address 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 about $250 million.

A spokesperson for B. Riley had no immediate comment when reached via email.

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