Deepfakes to social media: Online shopping scams spike this festive season

A staggering 45 per cent of Indian consumers reported either falling victim to deepfake shopping scams or knowing someone who had during the festive season in India, spanning October 1 to October 28. Global cybersecurity firm McAfee’s Global Festive Shopping Survey revealed that nearly half (46 per cent) of those who lost money suffered financial losses exceeding Rs 41,500, highlighting a significant rise in online shopping scams.