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 methods.
As a consequence, there was a “short-term interruption” to the enterprise’s operations as a part of what Targus describes its “proactive containment measures” to stop the hackers from inflicting extra issues.
Briefly, as a way 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 impression the corporate’s monetary outcomes.
Nevertheless, what Targus hasn’t informed us is something in regards to the nature of the assault. The one query everybody most likely has proper now’s – 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, likelihood is that the attackers haven’t simply encrypted methods, however have additionally exfiltrated giant quantities of knowledge from Targus’s community and are threatening to launch it to the broader world if the corporate would not give in to the extortionists’ calls for.
With out SEC laws that got here into impact late final yr, we’d not have recognized so shortly in regards to 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 complete extent of an assault’s impression stays unknown.
Little doubt we’ll see extra firms following in Targus’s footsteps to adjust to SEC laws shortly after the invention of a cybersecurity incident. We may see extra ransomware gangs truly threaten their victims with SEC disclosure, in the event that they consider it would pace up ransomware negotiations.
On the time of writing, no hacking teams have publicly claimed duty for the assault towards Targus.
