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The Fourlis Group, which operates IKEA stores in Greece, Cyprus, Romania, and Bulgaria, has revealed a significant financial impact stemming from a ransomware attack that occurred in November 2024. The attack, which targeted the online IKEA shops just before the busy Black Friday weekend, resulted in substantial operational disruptions and financial losses. The company confirmed that these losses are estimated to be approximately €20 million ($22.8 million).
The initial signs of the attack became public on December 3, 2024, when the Fourlis Group acknowledged technical issues affecting the IKEA online stores, attributing them to a "malicious external action". While the group manages other retail brands such as Intersport, Foot Locker, and Holland & Barrett, the ransomware attack primarily impacted IKEA's online operations. A forensic investigation later revealed that the temporary unavailability of data was quickly restored, and there was no evidence to suggest any data theft or leaks of personal data occurred as a result of the incident.
Despite the significant financial impact and operational disruptions, no ransomware group has claimed responsibility for the attack to date. The lack of a public claim could indicate that the attackers were unsuccessful in stealing data or that they are pursuing a private settlement with the Fourlis Group. The incident underscores the growing threat of ransomware attacks targeting major retailers and the potential for substantial financial losses and operational challenges these attacks can cause.
References :
The initial signs of the attack became public on December 3, 2024, when the Fourlis Group acknowledged technical issues affecting the IKEA online stores, attributing them to a "malicious external action". While the group manages other retail brands such as Intersport, Foot Locker, and Holland & Barrett, the ransomware attack primarily impacted IKEA's online operations. A forensic investigation later revealed that the temporary unavailability of data was quickly restored, and there was no evidence to suggest any data theft or leaks of personal data occurred as a result of the incident.
Despite the significant financial impact and operational disruptions, no ransomware group has claimed responsibility for the attack to date. The lack of a public claim could indicate that the attackers were unsuccessful in stealing data or that they are pursuing a private settlement with the Fourlis Group. The incident underscores the growing threat of ransomware attacks targeting major retailers and the potential for substantial financial losses and operational challenges these attacks can cause.
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References :
- BleepingComputer: Fourlis Group, the operator of IKEA stores in Greece, Cyprus, Romania, and Bulgaria, confirmed that the ransomware attack they suffered in November 2024 cost them approximately €20 million in losses.
- BleepingComputer: The Fourlis Group, which operates IKEA stores in several Eastern European countries, has revealed the significant financial impact of the ransomware attack.
- Techzine Global: This is a summary of the ransomware attack on the Fourlis Group and the significant financial losses incurred.
Classification:
- HashTags: #Ransomware #Cyberattack #FourlisGroup
- Company: Fourlis Group
- Target: Fourlis Group
- Attacker: RansomHub
- Product: IKEA Stores
- Feature: Ransomware
- Malware: Ransomware
- Type: Ransomware
- Severity: Major