Crook breaks into AI biz, points $250K wire payment at their own account

A Maryland AI company has confirmed to the Securities and Exchange Commission (SEC) that it lost $250,000 to a misdirected wire payment. In what appears to be a business email compromise (BEC) scheme, iLearningEngines said an unidentified cybercriminal broke into its systems and rerouted a $250,000 wire payment before deleting …

[Doctor Syntax]

Lessons will be learned.

[Version 1.0]

When you are working for a company and learn to do this and how to hack your own company then you have high chances of avoiding it ever being your companies problems (my experience for years).

[Yorick Hunt]

Learnt.

[heyrick]

A threat actor

FFS. Write it like that and I'm imaging Christopher Walken with a machete...

[Ace2]

Re: A threat actor

Danny Trejo!

[Alien Doctor 1.1]

Re: A threat actor

Rutger Hauer with a sword cane.

[Korev]

Re: A threat actor

They tried to hack Chuck Norris and their computers spontaneously combusted...

[An_Old_Dog]

Re: A threat actor

Chow Yun-fat.

[lglethal]

A $250k loss, but no material impact.

I can hope that means that the CEO and CTO (and maybe the CFO) are getting their bonuses docked to cover the loss.

But we all know it will be all the little people who lose their bonuses because of this. Those at the top never get their comeuppance...

[ChoHag]

> I can hope that means that the CEO and CTO (and maybe the CFO) are getting their bonuses docked to cover the loss.

That would be a genuine loss.

> But we all know it will be all the little people who lose their bonuses because of this.

THAT's the kind of loss that's immaterial.

[Blackjack]

Did maybe they steal the money from themselves or was it a company employee?

[Anonymous Coward]

AI

It was the AI that stole the funds, it's saving up for a body......