Tuesday, April 9, 2024

B. Riley Financial's Targus Hit By Cyberattack

It's not ending up as a great month for Los Angeles-based B. Riley Financial. The company--already trying to work through its link to a failed hedge fund apparently has been hit by a cyberattack within one of its companies, mobile gadget maker Targus. According to a regulatory filing from B. Riley, a "threat actor" gained access to Targus, and it has shut down much of its network to deal with the intrusion. Targus was acquired by B. Riley in 2022 for around $250M.