B. Riley Financial, Inc. discloses a cybersecurity incident (SEC 8-K, April 2024)
Riley Financial, Inc. (the “Company”), discovered that a threat actor gained unauthorized access to certain of Targus’ file systems.
What happened
- Through this process, proactive containment measures to disrupt unauthorized access resulted in a temporary interruption in the business operations of the Targus network.Form 8-K Item 1.05, B. Riley Financial, Inc., filed 2024-04-08
- 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.Form 8-K Item 1.05, B. Riley Financial, Inc., filed 2024-04-08
- 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.Form 8-K Item 1.05, B. Riley Financial, Inc., filed 2024-04-08
The failure pattern
Watch the pattern: Insufficient segmentation lets a foothold spread
Related standards
CollectSEA's mapping through this incident's failure pattern; not an official determination by the standards bodies.
Building something similar?
Describe your design and see every precedent that applies, with safeguards you can hand to your coding agent.
Incidents with the same pattern
Ransomware shuts down CDK Global's dealer-management platform for about 15,000 dealerships (2024)
Ransomware forced shutdown of core dealer management SaaS platform, halting sales, financing, and parts ordering for 15,000 auto dealerships.
Cyberattack disrupts Johnson Controls' internal IT infrastructure (2023)
Ransomware encrypted virtual hypervisors; halted manufacturing and billing operations incurring $27M in direct remediation costs.
Cyberattack takes Clorox IT systems offline and forces manual order processing (2023)
Ransomware encrypted internal ordering databases; lack of decoupled offline queue forced multi-week manual processing and inventory write-downs.
Access to the Starwood reservation network since 2014 exposes Marriott guest records (2018)
Legacy Starwood database left unsegmented following acquisition; attackers extracted passport numbers and encrypted payment cards of 383M guests.
Major entertainment company hit by an SMB worm with destructive wiper components (2014)
US-CERT alert TA14-353A describes an SMB worm tool used against a major entertainment company that spreads by brute-forcing Windows SMB shares.
Boston Scientific Corp discloses a cybersecurity incident (SEC 8-K, September 2026)
As previously disclosed in a Current Report on Form 8-K filed on August 26, 2026 with the Securities and Exchange Commission, on August 25, 2026, Boston Scientific Corporation (the “ Company ”) identified a cybersecurity…