Social engineers are trying to convince companies to make large-dollar transfers to their own accounts, under the guise of fake merger & acquisition (M&A) deals.

It's one of the oldest gambits in cybersecurity — the advance fee scam — for a new generation, and with more on the line. Gen, the parent company of cybersecurity brands Norton and Avast, was targeted by a ruse masquerading as a corporate acquisition. Gen investigated the attempted attack and discovered the company was just one of at least five targets, all of which were at risk of losing massive sums of money. More here