GenAI makes cyber fraud look more credible

October 20, 2025

, By The Economic Times

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As India is in the peak of its biggest shopping season, cybercriminals are using artificial intelligence to not only attack systems but also to scam people. Nearly one in three Indians has been a victim of festive-season scams, with 37% of them losing money, according to a latest McAfee report.

From deepfake celebrity endorsements and fraudulent ‘gift card wins’ to automated refunds and one-time password (OTP) scams, the findings show how generative AI has made fraud faster, cheaper and looking more credible.

According to the report, consumers now face…

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GenAI makes cyber fraud look more credible

October 20, 2025

, Published By The Economic Times

As India is in the peak of its biggest shopping season, cybercriminals are using artificial intelligence to not only attack systems but also to scam people. Nearly one in three Indians has been a victim of festive-season scams, with 37% of them losing money, according to a latest McAfee report.

From deepfake celebrity endorsements and fraudulent ‘gift card wins’ to automated refunds and one-time password (OTP) scams, the findings show how generative AI has made fraud faster, cheaper and looking more credible.

According to the report, consumers now face…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

AirPods Pro 3 proved me wrong, but they now have one unfortunate drawback

Next News

Qure.ai reimagining healthcare via faster, cheaper diagnostics

The Economic Times

More like this

Popular

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