The Board Meeting That Never Happened: Deepfake Video Calls and the New Wire Fraud

This report warns that deepfake video calls have become an effective evolution of business email compromise, describing how attackers collect executive media and organisational context, synthesize convincing live calls, and use social engineering to authorize fraudulent wire transfers (illustrated by a $25.6M loss). It outlines observable artefacts, practical challenge questions, and a five-control verification protocol (including banning video as an authorization channel and out-of-band callbacks) to prevent such fraud.