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