New Delhi, Nov. 2 -- Cyber fraud is becoming a bigger and more complex threat for India Inc., with criminals impersonating company bosses, siphoning off funds and stealing customer data, sometimes through vulnerable vendors. Now, with artificial intelligence (AI)-enabled scams adding to the risks, white-collar crime teams at law firms are seeing a 20-30% rise in cybersecurity-related advisory and investigation work, lawyers said.

Their work is also shifting from routine compliance audits to risk assessment, incident response and investigations, they said. White-collar crimes are typically committed by entities.

"We have seen a significant increase, perhaps 20-30% more than previous years, in advisory work relating to criminal investigat...