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Large Enterprises Targeted in Fake Merger & Acquisition Scams

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Large Enterprises Targeted in Fake Merger & Acquisition Scams

Threat actors running the "Phantom Deal" campaign conduct detailed research on large enterprises to trick midlevel employees into authorizing substantial financial transfers through fraudulent merger and acquisition scenarios.

Why it matters: Finance and operations teams at large companies face social engineering attacks designed to bypass standard controls; practitioners should brief employees on verification protocols for unusual transaction requests.

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