IKEA’s €20 Million Ransomware Woes: A Comedy of Cyber Errors
Fourlis Group’s IKEA stores were hit by a €20 million ransomware attack just before Black Friday. Thankfully, no data was exfiltrated, and the company restored systems without paying the ransom. However, until hackers learn how to assemble IKEA furniture, they might struggle to piece together a successful cyber heist.
Hot Take:
So, IKEA lovers in Greece, Cyprus, Romania, and Bulgaria may have had to wait a little longer for that Billy bookcase thanks to a ransomware attack that took a €20 million bite out of Fourlis Group’s wallet. But hey, at least they didn’t pay the ransom—stubborn like a flat-pack assembly with missing screws!
Key Points:
- The ransomware attack hit Fourlis Group, impacting IKEA operations in four countries just before Black Friday 2024.
- The financial hit from the attack is estimated at €20 million, primarily affecting IKEA’s sales and e-commerce.
- Fourlis Group opted not to pay the ransom and restored systems with external cybersecurity help.
- No data theft or leaks were found, and data protection authorities were duly informed.
- Despite several months passing, no ransomware group has claimed responsibility for the attack.
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