A Seqrite report warns that AI-powered deepfake fraud is becoming a major cyber threat targeting financial institutions. Attackers use synthetic voice, video, and identity spoofing to bypass verification, enabling account takeovers and fraudulent transactions. With 265M+ malware detections recorded, experts urge stronger multi-layer authentication, anomaly detection, and behaviour-based security.

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New Delhi: Deepfake-enabled fraud, powered by artificial intelligence, is emerging as a new high‑impact attack vector that targets financial institutions, customers and transaction ecosystems, a report said on Monday.

The report from Seqrite, the enterprise security arm of cybersecurity solutions provider Quick Heal Technologies Limited said AI‑driven impersonation attacks that use synthetic voice, video and identity manipulation are increasingly able to bypass traditional verification mechanisms.

Attackers can mimic executives, relationship managers, or customers with high accuracy, enabling fraudulent authorisations, account takeovers, and real-time payment manipulation.