AI Platform for Learning and Work Automation Loses $250K in Cyber Incident

November 22, 2024

INCIDENT

iLearningEngines, Inc. lost $250,000 in a cybersecurity incident after an attacker gained access to files on its network and misdirected a wire payment. The company has not recovered the wire payment.

Maryland-based iLearningEngines has developed a platform that uses AI to deliver personalized and automated learning, as well as work automation capabilities that organizations can use to custom-design workflows and optimize processes.

Incident Date

November 18, 2024

Estimated Cost

$250,000 plus incident costs

Type of Malware

No Malware identified

Threat Source

No threat source identified