India, June 11 -- The Centre has issued a fresh advisory warning financial institutions and citizens about the growing threat of artificial intelligence (AI)-powered cyber fraud targeting India's financial and digital infrastructure.

The advisory, issued by the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs, highlights how cybercriminals are increasingly using advanced AI tools to bypass security measures and gain unauthorized access to financial services.

According to the advisory, fraudsters are leveraging technologies such as deepfake videos and synthetic identities to circumvent facial authentication systems, liveness detection checks, video-based Know Your Customer (KYC) verification processes, and ...