SEC Form 8-K Item 1.05 (material cybersecurity incidents) Primary notice
Disclosed in an 8-K filed April 8, 2024, on SEC EDGAR.
- Organization as reported
- B. Riley Financial, Inc., CA
- Category as reported
Item 1.05 Material Cybersecurity Incidents
- Notice date as reported
- April 5, 2024
- Filing date
- April 8, 2024
- Observed by BreachRecords
- 2026-10-18 20:30 UTC (revision 8044, doc:ea0203500-8k_briley.htm)
- Archived copy
- Held in the private archive (provenance)
Material Cybersecurity Incidents On April 5, 2024, Targus International, LLC and certain affiliates (collectively, “Targus”), each of which is an indirect subsidiary of B. Riley Financial, Inc. (the “Company”), discovered that a threat actor gained unauthorized access to certain of Targus’ file systems. Upon discovery and with assistance from external cybersecurity counsel and consultants, Targus immediately activated its incident response and business continuity protocols to investigate, contain and remediate the incident. Through this process, proactive containment measures to disrupt unauthorized access resulted in a temporary interruption in the business operations of the Targus network. The incident has been contained and Targus systems recovery efforts are in process. While the investigation is ongoing and the incident has temporarily disrupted Targus’ business operations, as of the date of this filing, the Company does not currently believe that this incident will materially impact the Company’s financial condition or results of operations taken as a whole. Business operations for each of the Company’s other subsidiaries have continued without disruption in all material respects, and no other Company business has been affected. Last year, Targus was not a significant contributor to the Company’s Operating Adjusted EBITDA. Targus has notified relevant regulatory authorities and will work with law enforcement with respect to the unauthorized access to information. Forward-looking statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s performance or achievements to be materially different from any expected future results, performance, or…