A participial phrase can modify a subject, an entire predicate, a direct or indirect
object, or an entire sentence.
Yet people trying to protect their data and
transmissions apply less caution than the goats do: they attempt to distinguish between friend and foe using a mere sequence of symbols. [The first participial phrase modifies the subject; the second participial phrase modifies the predicate.]
The procedure then appends a signature consisting of
the distorted stamp and the solution to the equation. [modifies direct object]
The motion of the damping tubes shears the viscous
fluid, dissipating the vibration energy of the structure. [modifies whole sentence]