Try GOLD - Free
Over 52% of Indian firms faced rising AI fraud losses: Report
The Business Guardian
|March 20, 2025
The advent of Artificial Intelligence (AI) has amplified fraud activities with over 52 per cent of companies in India seeing an increase in losses from fraud attacks in the past one year, according to the data and technology firm Experian.
The report observes that about 85 per cent of businesses in India agree that because of the GenAI, the individual fraudsters have become a highly organised fraud syndicate.
The report by the firm says that GenAI has also enabled the "industrialisation of fraud," where fraudsters create and deploy fake identities, deepfakes, and other fraud tactics on a large scale.
This story is from the March 20, 2025 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
INDIA IS LOSING THE NUCLEAR BATTLE, IT CANNOT LOSE THE SUPPLY CHAIN WAR
‘Leakage’ of critical know-how by institutional insiders has cost India dearly.
5 mins
January 11, 2026
The Business Guardian
ITALY BACKS HISTORIC EU-MERCOSUR TRADE DEAL
LONG NEGOTIATION
2 mins
January 11, 2026
The Business Guardian
INDIA REMAINS AMONG FASTEST GROWING ECONOMIES, SAYS UN
India’s economy is expected to remain one of the fastest-growing major economies globally, with growth projected at 7.4 per cent in 2025, according to the United Nations’ World Economic Situation and Prospects 2026 report.
1 min
January 11, 2026
The Business Guardian
OpenAI, SoftBank invest $1 billion in SB Energy for Stargate initiative
OpenAI and SoftBank Group will invest $500 million each in SB Energy to expand data center and power infrastructure for their Stargate initiative, SB Energy said on Friday.
1 min
January 11, 2026
The Business Guardian
Long-term planning...
The government plans to extend this further to 33,475 kilometres by 2030, strengthening energy connectivity and preparedness.
1 min
January 11, 2026
The Business Guardian
73% of India's fertiliser needs in 2025 met through domestic production
The central government has significantly reduced the country's dependence on fertiliser imports in the year that recently concluded.
1 min
January 11, 2026
The Business Guardian
Wall Street rises to record high after unemployment rate improves
U.S. stocks hit records Friday following a mixed report on the U.S. job market, one that may delay another cut to interest rates by the Federal Reserve but does not slam the door on it.
2 mins
January 11, 2026
The Business Guardian
TRUMP URGES U.S. OIL GIANTS TO REPAIR VENEZUELA'S ‘ROTTING’ ENERGY INDUSTRY
U.S. President Donald Trump met with executives from some of the world’s largest oil companies at the White House on Friday to discuss Venezuela, saying he wants them to invest $100 billion in the country to vastly expand its production.
1 mins
January 11, 2026
The Business Guardian
Banking sector recorded strong turnaround in 2025: Fin Min
The Department of Financial Services (DFS) under the Ministry of Finance reported significant progress in banking reforms, digital payments, and financial inclusion during 2025, marking a year of strengthened financial stability and governance, according to a year-end review released on Saturday.
1 min
January 11, 2026
The Business Guardian
Goyal's Brussels visit
Ahead of the Brussels meeting, Goyal visited Liechtenstein, where he chaired a business roundtable with leaders of leading Liechtenstein companies.
1 min
January 11, 2026
Listen
Translate
Change font size