In a statement to local media, the Fourlis Group CEO, Dimitris Valachis, clarified that the impact the security incident had on IKEA sales operations is estimated to €15 million until December 2024, and another €5 million into 2025. Fourlis Group, the operator of IKEA stores in Greece, Cyprus, Romania, and Bulgaria, has informed that the ransomware attack it suffered just before Black Friday on November 27, 2024, caused losses estimated to €20 million ($22.8 million). “The incident caused temporary disruptions in a store replenishment, primarily impacting the Home Furnishings segment (IKEA stores) and e-commerce operations during December 2024 through February 2025,” reads a press release published earlier this week. “The temporary unavailability of some data affected by the incident was restored almost immediately, while the technical report (forensic) did not prove the leakage of personal data.” reads the press release. Bill Toulas Bill Toulas is a tech writer and infosec news reporter with over a decade of experience working on various online publications, covering open-source, Linux, malware, data breach incidents, and hacks. Although several months have passed since the attack, no ransomware group has claimed it yet, presumably because they didn’t manage to exfiltrate any data or because they still maintain hope for a private resolution with the victim. Although the company also operates Intersport, Foot Locker, and Holland & Barrett shops in the said countries, the impact of the attack affected mainly IKEA business operations. The investigation that followed revealed no evidence of data theft or leaks linked to the incident, although data protection authorities in the four countries were notified as required by law.
This Cyber News was published on www.bleepingcomputer.com. Publication date: Fri, 11 Apr 2025 12:25:25 +0000