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Galink the TPRM solution No. 1

Hack impact: the example of IKEA during Black Friday 2024

Apr 15, 2025

On April 14, 2025, an IKEA reseller (Fourlis Group, operating in Greece, Romania, Bulgaria, and Cyprus) publicly disclosed the financial impact of a cyberattack that occurred in November 2024 — right in the middle of Black Friday season.

The ransomware incident led to:

  • A temporary halt in online and in-store sales

  • Losses estimated at over €20 million

  • Significant recovery costs

  • A hit to customer trust

Notably, no ransom was paid. Instead, the company restored systems from its own backups — a costly but secure choice in the long run. Fortunately, no personal data breach was reported.

👉 A wake-up call

This case shows how cyberattacks can have delayed yet devastating effects. The incident went mostly unnoticed at first, but months later, the true business impact became clear.

🔐 Cybersecurity is no longer just an IT concern — it’s a core strategic priority, especially during high-stakes commercial periods like Black Friday.

Source

At Galink, we help companies secure their vendors with the best cost-saving vendor risk management solution on the market.

Our mission is to make third-party risk visible, manageable, and scalable — without breaking your budget.