Overview of the Devastating Cyberattack
In a harrowing cyber incident, the Fourlis Group, the powerhouse behind IKEA’s operations in Greece, Bulgaria, Romania, and Cyprus, faced a massive financial blow. A ransomware attack, strategically timed just before the bustling Black Friday sales, led to a staggering loss of $22.8 million in revenue. This event severely disrupted both in-store and online operations from December through February, highlighting the growing menace of cyber threats.
Impact on Sales and Operations
- Timing of the Attack: The ransom was demanded at a critical time, just two days before Black Friday, a pinnacle for retail sales.
- Financial Loss: The ransomware led to a monumental loss in sales, amounting to nearly $23 million during the crucial holiday season.
- Operational Disruption: Both physical store locations and e-commerce platforms across four countries suffered disruptions, affecting the shopping experience of thousands of customers.
Further Reading
For more detailed information on this cyberattack and its implications, please refer to the coverage by this article.
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Last Updated: April 14, 2025
