Fastidious attacker then tidied up email trail behind them
A Maryland AI company has confirmed to the Securities and Exchange Commission that it lost $250,000 to a misdirected wire payment.
"When it learned of the incident, which has been contained, activated its cybersecurity response plan and launched an internal investigation," the"The company engaged a nationally recognized forensic firm and other external advisors to assess and remediate the unauthorized activity. The company's ongoing investigation and response include continued assessment of impacted systems and data.
BEC is big business. According to the FBI, more than 21,000 complaints were made in 2023 regarding this type of fraud, eclipsing the mere 2,825 forThe wording used in iLearningEngines' disclosure makes for interesting reading. It said:"A threat actor illegally accessed the company's environment and certain files on its network," which suggests there was a technical intrusion – one that isn't necessarily a requirement for successful BEC fraud.
"The company remains subject to various risks due to the incident, including diversion of management's attention, potential litigation, changes in customer or investor behavior, and regulatory scrutiny."
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spirit of 1911 rekindled to save Lads ClubSalford Lads Club desperately needs £250k to survive
Read more »
Furious kids want to throw their ‘trespasser’ stepdad OUT of his home in bitter row over £600,000 inhe...I inherited £250k when I was SIX but it ruined my life
Read more »
Birmingham City were close to signing Robert Lewandowski for just £250k...Birmingham City were close to signing Robert Lewandowski for just £250k.
Read more »
Scots crook allowed his council house to be used as cannabis farmRichard Millar was caught after a joiner turned up to carry out essential repairs at the West Lothian home.
Read more »
Investigation into referee culture called for after shock David Coote videosAlex Crook explains the fallout after a second alleged David Coote video is released.
Read more »
'Beautiful' period cottage now on the market for £250kThe terraced house has three bedrooms
Read more »