Targus cyberattack claimed by ransomware group

The Red Ransomware gang has claimed responsibility Friday for the early April cyberattack on computer accessories retail giant Targus International.

Targus is most known for its line of laptop and tablet cases, backpacks, universal docking stations, and accessories, from keyboards to stylus pens. with global operations in more than 24 offices and distribution in more than 100 countries.

The fairly newish Red Ransomware outfit posted the company on its dark leak site “Wall of Shame” posting a red “Coming Soon” banner underneath its name Friday.

Targus’ parent company B. Riley Financial filed an 8K breach disclose notice with the US Securities and Exchange Commission (SEC) on April 8th.

The Los Angeles-based financial investment firm, who acquired Targus in October 2022, said it had “discovered a threat actor had gained unauthorized access to certain of Targus’ file systems” three days earlier on April 5th.

Upon discovery, Targus systems were immediately shut down in an effort to contain any damage and isolate the attacker, the firm said.

In the SEC disclosure, B Riley said the system shut down had temporary disrupted business operations, but outside experts were already working to restore the compromised systems.

At the time of the filing, B. Riley did not mention if it knew who was behind the attack on Targus, or how long the threat actor may have been inside its network.

Additionally, the company did not provide any details about which systems were impacted, or the amount of data that may have been compromised during the attack.

Cybernews has reached out to Targus and is still waiting for a response at the time of this report.

Established in 1983 and headquartered in Anaheim, California, the Targus brand conceives, designs, and produces all of the products it sells, generating revenues of approximately $415 million annually, according to B. Riley’s 2022 figures.

The company has won multiple CES awards for innovation, works with 90% of Fortune 1000 companies, and is the case manufacturer for eight of the world’s top ten laptop computer OEMs, according to its website.

B. Riley Financial noted in the filing that it did not believe that the incident would materially impact profits, and that the company’s other subsidiary’s were operating normally, without interruptions.