ShadowTalk: Powered by ReliaQuest

Fake NDAs, Real Money: Inside the M&A Social Engineering Playbook

September 23, 2026·28 min
Episode Description from the Publisher

In this episode, we examine the Phantom Deal campaign, in which threat actors used publicly available details about companies’ acquisition histories, subsidiaries, executives, and employees to create convincing fake M&A scenarios. The goal: persuade employees to initiate large financial transfers while keeping conversations off corporate communication channels. We also cover a recent series of zero-day disclosures affecting major endpoint-security and Windows products. These vulnerabiliti...

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