Targus International LLC Targeted by RedRansomware Group

Company Profile

Targus International LLC, a privately owned multinational corporation, specializes in mobile computing accessories. Founded in 1983 and headquartered in Anaheim, California, Targus designs, manufactures, and sells a range of products including laptop and tablet cases, computer accessories, and universal docking stations.

Details of the Ransomware Attack

The cybercriminal group RedRansomware, also known as Red CryptoApp, has recently claimed responsibility for a ransomware attack on Targus International LLC. This group, which emerged in March 2024, has been active in targeting various sectors across multiple countries. The attack was disclosed via their dark web leak site, known as the "Wall of Shame".

RedRansomware typically infiltrates systems through phishing emails or exploiting software vulnerabilities, leading to the encryption of all user files with the ".REDCryptoApp" extension. The group then directs victims to a unique URL on the Tor network to negotiate ransom payments through an automated AI-driven chat interface.

Industry Standing and Vulnerabilities

Targus's prominence in the mobile computing accessories market makes it a notable target for cyberattacks. The company's extensive global presence and significant revenue streams increase its attractiveness to threat actors looking for high-impact targets. Discrepancies in reported revenue figures might also indicate complexities in their financial reporting or IT systems, potentially making them more susceptible to cyber threats.

Sources

• PitchBook - Targus Profile
• Zippia - Targus Revenue
• Gridinsoft - Red Ransomware Discovered
• Netenrich - Red CryptoApp Ransomware: New Threat Group
• CyberNews - Targus Cyberattack Claimed by Ransomware Group
• The Record - Targus Cyberattack Operations Disrupted