Phantom Deal Hackers Impersonate Executives and Use Fake NDAs to Steal Corporate Wire Transfers

Phantom Deal: Inside an Imposter Scam Targeting an Avast Employee

The fake acquisition pitch pushed an Avast employee towards a EUR €626,735.45 wire, exposing a broader impersonation scam across several industries.

Fake Acquisition Scam Uses Forged NDAs to Demand €626,000 Corporate Payment

Threat actors impersonated Gen executives and major consulting firms in a targeted business email compromise-style operation that used forged non-disclosure agreements to isolate a legal employee and pressure the company into transferring €626,735.45 to a Hong Kong entity. Dubbed Phantom Deal, the campaign shows how financially motivated actors can abuse legitimate M&A processes, corporate history

Phantom Deal Hackers Impersonate Executives and Use Fake NDAs to Steal Corporate Wire Transfers

Cybercriminals are using fake acquisition deals to steer employees toward large wire transfers. The campaign, called Phantom Deal, begins with a believable WhatsApp message from someone appearing to be a known executive. It turns everyday corporate safeguards into barriers that the victim is told must be avoided to protect a confidential transaction. The operators used […]

Fake Acquisition Scam Uses Forged NDAs to Demand €626,000 Corporate Payment.

Threat actors impersonated Gen executives and major consulting firms in a targeted business email compromise-style operation that used forged… Read more →