As for cold networking, two options are:
- talking to recruiting agencies, which often have a pool of employers that they have relationships with and can help open doors
- good ol' cold calling - research companies that you feel are good matches and are hiring, send a resume and go from there
A third potential option is to do freelance w/ local mom-and-pop shops, at least temporarily, to build up a small portfolio, dust off tech chops and getting the google-fu up to speed.
Often times, non-tech companies have less strict/technically challenging hiring processes. These are good companies to aim for.
For her old experience specifically, I hear that there is demand for COBOL in some government niches. Might be worth looking into.