---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-031252"
form_type: "8-K"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:20:27.547932+00:00"
event_type: "cyber"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# B. Riley Financial subsidiary Targus suffers cybersecurity incident; operations temporarily disrupted

## Summary
- Discovered on April 5, 2024, unauthorized access to Targus file systems; containment caused temporary business interruption.
- Incident investigation is ongoing; systems recovery efforts in process; no material impact expected on B. Riley's financial condition.
- Targus was not a significant contributor to B. Riley's Operating Adjusted EBITDA in the prior year.
- Other B. Riley subsidiaries unaffected; business operations continued without disruption.
- Targus notified regulatory authorities and is working with law enforcement.

## SEC filing metadata
- accession: 0001213900-24-031252
- form_type: 8-K
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: cyber
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390024031252/0001213900-24-031252-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390024031252/ea0203500-8k_briley.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-031252
- JSON: https://secwatch.observer/filing/0001213900-24-031252.json
- Plain text: https://secwatch.observer/filing/0001213900-24-031252.txt

## Key facts
- Cybersecurity Incidents
  BRC Group Holdings, Inc. disclosed a cybersecurity incident: A threat actor gained unauthorized access to certain of Targus’ file systems. Impact: Temporary interruption in the business operations of the Targus network; incident contained and systems recovery efforts are in process. Company determined it not material. Discovered 2024-04-05.
  - Nature: A threat actor gained unauthorized access to certain of Targus’ file systems
  - Impact: Temporary interruption in the business operations of the Targus network; incident contained and systems recovery efforts are in process
  - Materiality: not material
  - Discovery: 2024-04-05
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390024031252/0001213900-24-031252-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.