Sunday, May 19, 2024

Targus Hacked: Attackers Gain Access to File Servers

Targus International, LLC and its affiliates fell victim to a sophisticated cyberattack.

The company, an indirect subsidiary of B. Riley Financial, Inc., announced that an unauthorized entity breached its file systems, prompting an immediate and robust response to mitigate the damage.

Upon detecting the intrusion, Targus wasted no time mobilizing its incident response team.

With the aid of external cybersecurity experts, the company embarked on a thorough investigation to understand the scope and impact of the breach.

Efforts to contain the incident temporarily halted Targus’ business operations, highlighting the severity of the attack and the company’s commitment to security.

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Recovery and Impact Assessment

Targus has since managed to contain the breach and is currently in the process of recovering its systems.

The company remains vigilant, with ongoing investigations to address all vulnerabilities.

Despite the temporary disruption, Targus and B. Riley Financial, Inc. are confident that the incident will not have a material impact on their financial health or operational results, as reported by the US Securities and Exchange Commission.

Targus has notified the relevant regulatory authorities about the breach, which aligns with its commitment to transparency and legal compliance.

The company also cooperates with law enforcement agencies to trace the perpetrators and prevent future incidents.

This collaborative approach highlights Targus’ dedication to safeguarding its stakeholders’ interests.

Targus’ announcement includes forward-looking statements that caution stakeholders about risks and uncertainties.

These statements reflect the company’s current expectations based on the information available at the time.

However, they are subject to change, and the company commits to updating the public as new information becomes available.

The cyberattack on Targus is a stark reminder of the ever-present threats in the digital world.

While the breach has caused temporary disruptions, Targus’ swift response and comprehensive recovery plan demonstrate strength in adversity.

As the company continues to navigate this challenging time, its actions set a precedent for how businesses can effectively respond to and recover from cyber threats.

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Divya is a Senior Journalist at GBhackers covering Cyber Attacks, Threats, Breaches, Vulnerabilities and other happenings in the cyber world.

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