B. Riley Financial reports unauthorized access at its Targus subsidiary

B. Riley Financial disclosed on April 8, 2024 that Targus International, an indirect subsidiary known for laptop bags and accessories, had found a threat actor in some of its file systems on April 5. The filing is a case of a parent company reporting under Item 1.05 for an incident confined to one business unit.

What B. Riley reported

Containment measures temporarily interrupted Targus business operations; the company said the incident was contained and recovery under way.

B. Riley set the incident against the size of the unit. It said its other subsidiaries were unaffected and that it did not believe the incident would materially affect the company taken as a whole.

Not addressed

The filing does not say whether data was taken from Targus systems or what kind of attack occurred, and no amendment is in the log.