Hackers use old-school phone scams to breach financial firms

Google says hackers are calling financial firm employees to hack and extort victims | TechCrunch

Hacker groups target US PE firms via voice phishing to steal MFA; extort $750k-$3M per victim; earned ~$10M Bitcoin. Voice phishing remains deadly effective against high-value M&A targets. Strict MFA-only access and security training are now table-stakes compliance baseline.