Deepfake case study · Multi-modal
Indian Banks and their customers deepfake (May 2025)
Deepfake fraud in India is surging. Scammers are using AI-generated media for identity theft, loan fraud, and insurance scams. Cybercriminals have impersonated high-ranking executives through deepfake videos and…
- Incident date
- May 2025
- Target
- Indian Banks and their customers
Updated May 6, 2026 · 1 min read
Deepfake fraud in India is surging. Scammers are using AI-generated media for identity theft, loan fraud, and insurance scams. Cybercriminals have impersonated high-ranking executives through deepfake videos and voice cloning, tricking employees into authorizing fraudulent transactions. Fraudsters also bypass traditional KYC verifications.