Phantom Deal Campaign Targets Large Enterprises with Fake M&A Scams

Threat actors are conducting a campaign called 'Phantom Deal' that targets large enterprises with fake merger and acquisition scams. The attackers study target companies in extreme detail before executing their attacks. The campaign aims to deceive midlevel employees into initiating large financial transfers. The threat actors focus their social engineering efforts on employees at the middle management level rather than executives or lower-level staff.