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

Cybersecurity NewsSeptember 3, 20264 min read

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 […] The post Phantom Deal Hackers Impersonate Executives and Use Fake NDAs to Steal Corporate Wire Transfers appeared first on Cyber Security News.

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 no malware, stolen mailbox, or malicious attachment. Instead, they combined real names, photographs, company…

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