Executive Summary Business email compromise (BEC) has moved into a more deceptive phase. The goal remains familiar: persuade an employee to approve a payment, disclose sensitive information, alter vendor banking details, or accept an executive instruction without proper validation. What has changed is the credibility of the impersonation. Generative AI now allows attackers to combine polished writing, cloned voices, synthetic video, and publicly available executive context into fraud sequences that can look and sound operationally normal. The strategic risk is that synthetic trust fraud can exploit legitimate business processes without triggering conventional cyber alarms…

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