MHA warns against rising AI deepfake fraud targeting banks, fintechs
NEW DELHI: The Indian Cyber Crime Coordination Centre (I4C), operating under the Union Ministry of Home Affairs (MHA), has issued a fresh nationwide advisory warning citizens, banks and fintech companies about a surge in Artificial Intelligence (AI)-powered deepfake fraud targeting India’s digital financial systems.
In the advisory, which was issued on Wednesday, the authorities cautioned that cybercriminals are increasingly deploying advanced AI tools to create highly convincing deepfake videos and synthetic identities designed to defeat facial authentication, liveness detection, video-based Know Your Customer (KYC) checks and account recovery safeguards.
