Brief: iLearningEngines Reports Cybersecurity Incident With $250,000 Wire Payment Misdirected

iLearningEngines

18/11/2024 15:05

Nov 18 (Reuters) - iLearningEngines Inc  AILE.O :
    * ILEARNINGENGINES INC - REPORTS CYBERSECURITY INCIDENT WITH
$250,000 WIRE PAYMENT MISDIRECTED
    * ILEARNINGENGINES INC - CYBERSECURITY INCIDENT TO IMPACT
QUARTER
ENDED DEC. 31 OPERATIONS
    * ILEARNINGENGINES INC - DOES NOT EXPECT CYBERSECURITY
INCIDENT TO
HAVE MATERIAL IMPACT ON FULL YEAR 2024 RESULTS
    * ILEARNINGENGINES INC - ON OCTOBER 17,  DIVISION OF
ENFORCEMENT
OF SEC ISSUED SUBPOENA TO CO SEEKING VARIOUS DOCUMENTS AND
INFORMATION
    * ILEARNINGENGINES INC - IS IN PROCESS OF RESPONDING TO
SUBPOENA
AND INTENDS TO COOPERATE WITH SEC
    * ILEARNINGENGINES-MAY CONCLUDE THAT ONE OR MORE MATERIAL
WEAKNESSES RELATED TO FOREGOING MATTERS EXISTED IN INTERNAL
CONTROL OVER FINANCIAL REPORTING
    * ILEARNINGENGINES INC - CO'S DISCLOSURE CONTROLS AND
PROCEDURES
WERE NOT EFFECTIVE FOR EACH OF FISCAL PERIODS WITHIN
NON-RELIANCE PERIOD

Source text:  ID:n0001213900-24-099394 
Further company coverage:  AILE.O 

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