iLearningEngines reports a misdirected $250,000 wire payment after network intrusion

iLearningEngines, a software company, disclosed on November 18, 2024 that a threat actor had accessed its network, redirected a $250,000 wire payment and deleted a number of email messages. The payment had not been recovered when the company filed.

What the Item 1.05 section says

The company said the incident was contained and that it had hired a forensic firm.

iLearningEngines expected a material effect on its operations for the quarter ending December 31, 2024, but not on full-year results.

Scope of this entry

The same filing also reported matters under other 8-K items. This entry covers only the cybersecurity disclosure under Item 1.05. The filing gives no detection date, and it does not say how the payment instructions were altered or who the intended recipient was.