Is Targus the Latest Victim of the Red Ransomware Gang?

Targus International, a prominent player in computer accessories, is grappling with a severe cyberattack led by the infamous Red Ransomware gang. The attack, which compromised the company’s file systems, was disclosed by Targus’ owner, B. Riley Financial, to the SEC following its detection on April 5th. In response, Targus swiftly moved to shut down its systems, aiming to control the breach and mitigate its effects.

Although the complete scale of data exposure is still under evaluation, B. Riley Financial conveyed optimism that the incident would not have a major impact on earnings. The situation underscores a daunting reality for even well-established and resourceful enterprises – the persistent vulnerability to sophisticated cyber threats. This incident with Targus is a stark reminder that cybersecurity must remain a top priority for businesses of all sizes, highlighting the continuous need for robust and adaptive defensive strategies to protect against such formidable online adversaries.

A Robust Response to a Sophisticated Threat

Computer accessory giant Targus has been rocked by a security incident, drawing attention to the ever-present cyber threat facing global businesses. In meticulous compliance, B. Riley notified the SEC, showcasing their commitment to transparency. Although the exact nature of the breach remains under wraps, the focus lies on Targus’ capacity for crisis management, reflecting the wider issue of cybercriminals targeting influential corporations.

This cyberattack against Targus reiterates the critical need for impenetrable cybersecurity defenses in today’s tech-driven landscape. Companies must prioritize preparedness to thwart cyber threats. B. Riley’s assurance of unaffected subsidiaries conveys a robust, compartmentalized security system within the firm. The event highlights the essential role of continuous vigilance, advanced protective strategies, and fostering a strong cybersecurity culture to combat the growing wave of cyber offenses.

Explore more

How Can XOS Pulse Transform Your Customer Experience?

This guide aims to help organizations elevate their customer experience (CX) management by leveraging XOS Pulse, an innovative AI-driven tool developed by McorpCX. Imagine a scenario where a business struggles to retain customers due to inconsistent service quality, losing ground to competitors who seem to effortlessly meet client expectations. This challenge is more common than many realize, with studies showing

How Does AI Transform Marketing with Conversionomics Updates?

Setting the Stage for a Data-Driven Marketing Era In an era where digital marketing budgets are projected to surpass $700 billion globally by 2027, the pressure to deliver precise, measurable results has never been higher, and marketers face a labyrinth of challenges. From navigating privacy regulations to unifying fragmented consumer touchpoints across diverse media channels, the complexity is daunting, but

AgileATS for GovTech Hiring – Review

Setting the Stage for GovTech Recruitment Challenges Imagine a government contractor racing against tight deadlines to fill critical roles requiring security clearances, only to be bogged down by outdated hiring processes and a shrinking pool of qualified candidates. In the GovTech sector, where federal regulations and talent scarcity create formidable barriers, the stakes are high for efficient recruitment. Small and

Trend Analysis: Global Hiring Challenges in 2025

Imagine a world where nearly 70% of global employers are uncertain about their hiring plans due to an unpredictable economy, forcing businesses to rethink every recruitment decision. This stark reality paints a vivid picture of the complexities surrounding talent acquisition in today’s volatile global market. Economic turbulence, combined with evolving workplace expectations, has created a challenging landscape for organizations striving

Automation Cuts Insurance Claims Costs by Up to 30%

In this engaging interview, we sit down with a seasoned expert in insurance technology and digital transformation, whose extensive experience has helped shape innovative approaches to claims handling. With a deep understanding of automation’s potential, our guest offers valuable insights into how digital tools can revolutionize the insurance industry by slashing operational costs, boosting efficiency, and enhancing customer satisfaction. Today,