Collector
From deepfakes to crypto scams, financial fraud risks rise as bank frauds hit ₹36,000 cr | Collector
From deepfakes to crypto scams, financial fraud risks rise as bank frauds hit ₹36,000 cr
Business Today

From deepfakes to crypto scams, financial fraud risks rise as bank frauds hit ₹36,000 cr

Bank frauds involving more than ₹36,000 crore were reported in FY25, highlighting the growing scale and sophistication of financial crime in India's rapidly expanding digital economy. A new Khaitan & Co-FICCI report warns that AI-powered scams, deepfakes, cryptocurrency-linked offences and organised cybercrime are creating fresh challenges for regulators, businesses and law enforcement agencies.

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