Targus enterprise operations disrupted following cyber assault – Cyber Information

Targus, the well-known laptop computer bag and case producer, has been hit by a cyber assault that has interrupted its regular enterprise operations.

In an SEC submitting, Targus described discovering final Friday that hackers had gained unauthorised entry to its IT programs.

As a consequence, there was a “non permanent interruption” to the enterprise’s operations as a part of what Targus describes its “proactive containment measures” to forestall the hackers from inflicting extra issues.

Briefly, to be able to lock the dangerous guys out of its community, Targus has been pressured to disable giant elements of its infrastructure.

The corporate says that it’s persevering with to analyze the incident and has sought help from exterior specialists. It additionally says that it doesn’t consider that the incident will materially affect the corporate’s monetary outcomes.

Nonetheless, what Targus hasn’t informed us is something concerning the nature of the assault. The one query everybody in all probability has proper now could be – so, was this a ransomware assault?

Targus hasn’t confirmed in its SEC advisory whether or not malware was concerned within the assault, not to mention ransomware. We simply don’t know if it’s ransomware or not.

However whether it is ransomware, chances are high that the attackers haven’t simply encrypted programs, however have additionally exfiltrated giant quantities of information from Targus’s community and are threatening to launch it to the broader world if the corporate does not give in to the extortionists’ calls for.

With out SEC rules that got here into impact late final 12 months, we’d not have recognized so rapidly concerning the issues Targus was experiencing.

Since December 15, 2023, US firms have been required to reveal potential materials cybersecurity incidents to the SEC inside 4 enterprise days, even when the total extent of an assault’s affect stays unknown.

Little question we are going to see extra firms following in Targus’s footsteps to adjust to SEC rules shortly after the invention of a cybersecurity incident. We can also see extra ransomware gangs truly threaten their victims with SEC disclosure, in the event that they consider it’ll pace up ransomware negotiations.

On the time of writing, no hacking teams have publicly claimed accountability for the assault towards Targus.

Leave a Comment