iLearningEngines, Inc. (AILE, AILEW)

Nov 2024 · Graded Verified · Technology and Software · Government record

Incident summary

iLearningEngines, Inc. (AILE, AILEW)Nov 2024
Not yet quantified
VVerified
iLearningEngines lost $250,000 not to an exploit but to its own inbox: a threat actor moved through the company's email, redirected a wire, and deleted the messages that would have shown the switch. No ransomware crew claimed it and the company named no actor, which is business email compromise working as designed. When the mailbox is the authorization for a payment, the money goes wherever the mailbox says, and this money was never recovered.
Technology and Software
SEC 8-K, Item 1.05
Initial attack type not disclosed · Impact financial theft or fraud confirmed

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