iLearningEngines: When AI Can’t Stop a $250K Vanishing Act!
iLearningEngines, the AI learning automation firm, recently faced a cybersecurity incident involving a $250,000 theft. A threat actor accessed its network, deleted emails, and misdirected a wire payment. This incident may impact the company’s operations but is not expected to affect its full-year 2024 results.
Hot Take:
When your AI-powered learning platform gets schooled by cybercriminals, it’s time to hit the books on cybersecurity. iLearningEngines might need to enroll in a crash course on how not to lose $250,000 to a digital pickpocket!
Key Points:
- iLearningEngines fell victim to a cybersecurity breach resulting in a $250,000 theft.
- The cybercriminals accessed the company’s network, deleted emails, and rerouted a wire transfer.
- The incident is suspected to be a business email compromise (BEC) attack.
- The breach is expected to impact the company’s quarterly operations but not the overall 2024 financial results.
- No ransomware group has claimed responsibility for the attack.
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