Indian Financial Institutions See Spike in Deepfake-Based Fraud Attempts, Seqrite Predicts 2026 Trend

May 21, 2026

Seqrite flags rise in AI-driven impersonation risks across BFSI sector; urges institutions to strengthen identity verification and data protection frameworks

Pune, 21st May, 2026: As India’s financial ecosystem becomes increasingly digital and real-time, a new class of threat is beginning to take shape. Deepfake-enabled fraud, powered by artificial intelligence, is emerging as a high-impact attack vector targeting financial institutions, customers, and transaction ecosystems.

Amidst this, Seqrite, the enterprise security arm of Quick Heal Technologies Limited, a global provider of cybersecurity solutions, highlights a growing trend of AI-driven impersonation attacks that leverage synthetic voice, video, and identity manipulation to bypass traditional verification mechanisms.

Unlike conventional fraud attempts, deepfake-based attacks are designed to exploit trust at scale. Attackers can mimic executives, relationship managers, or customers with high accuracy, enabling fraudulent authorisations, account takeovers, and real-time payment manipulation. These attacks are particularly effective in environments where speed of transaction often outweighs verification depth.

Insights from the India Cyber Threat Report 2026, developed by Seqrite Labs, reinforce the urgency of this shift. Between October 2024 and September 2025, Seqrite recorded 265.52 million detections across more than 8 million endpoints, averaging 505 detections every minute, reflecting the relentless pace at which cyber threats are evolving.

The report also highlights that Trojans (~43%) and file infectors (~35%) together account for nearly 70 percent of all detections, with many campaigns relying on social engineering and identity deception to initiate compromise. This behavioural dependency is now being amplified by AI, enabling attackers to execute fraud with greater precision and credibility.

Financial institutions, by design, operate on trust-driven interactions across customers, vendors, and internal systems. Deepfake-based fraud exploits this trust layer, embedding itself within legitimate communication channels such as calls, video verifications, and approval workflows, making detection significantly more complex.

The implications extend beyond financial loss. Under the Digital Personal Data Protection (DPDP) Act, 2023, financial institutions are required to safeguard personal data and ensure secure processing across digital interactions. A deepfake-led breach can lead to unauthorised access, identity misuse, and compliance violations, exposing organisations to regulatory penalties and reputational damage.

Addressing this emerging threat requires a shift from static identity verification to dynamic, behaviour-led validation. Institutions must strengthen multi-layered authentication, deploy anomaly detection across transaction flows, and monitor communication channels for manipulation signals.

In this context, solutions such as Seqrite Digital Risk Protection Service enable organisations to detect impersonation risks across external digital surfaces, while Seqrite Data Privacy supports DPDP readiness through automated data discovery, classification, and governance.

At the user level, Quick Heal AntiFraud.AI, powered by behavioural analytics, plays a critical role in identifying suspicious activity patterns and preventing fraud attempts before execution.

The rise of deepfake-based fraud signals a broader evolution toward cognitive and identity-led cyberattacks. As highlighted in the report, the next phase of threats will be increasingly AI-driven, adaptive, and capable of bypassing conventional controls.

In such a landscape, trust can no longer be assumed. It must be continuously verified.

About Quick Heal Technologies Limited

Quick Heal Technologies Ltd is a global cybersecurity solutions provider. Each Quick Heal product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customized to suit consumers, small businesses, government establishments, and corporate houses. Over a span of nearly 3 decades, the company’s R&D has focused on computer and network security solutions.

The current portfolio of cloud-based security and advanced machine learning-enabled solutions stops threats, attacks, and malicious traffic before it strikes. This considerably reduces the system resource usage. The security solutions are indigenously developed in India. Quick Heal Antivirus Solutions, Quick Heal Scan Engine, and the entire range of Quick Heal products are proprietary items of Quick Heal Technologies Ltd. Recently, unveiled Quick Heal pioneers India’s first fraud prevention solution, AntiFraud.AI, available for Android, iOS, and Windows.

For more information, please visit: www.quickheal.co.in

AntiFraud.AI – https://www.quickheal.co.in/quick-heal-antifraud/

About Seqrite

Seqrite is a leading enterprise cybersecurity solutions provider. With a focus on simplifying cybersecurity, Seqrite delivers comprehensive solutions and services through our patented, AI/ML-powered tech stack to protect businesses against the latest threats by securing devices, applications, networks, cloud, data, and identity. Seqrite is the Enterprise arm of the global cybersecurity brand, Quick Heal Technologies Limited, the only listed cybersecurity products and solutions company in India.

We are the first and only Indian company to have solidified India’s position on the global map by collaborating with the Govt. of the USA on its NIST NCCoE’s Data Classification project. We are differentiated by our easy-to-deploy, seamless-to-integrate comprehensive solutions providing the highest level of protection against emerging and sophisticated threats powered by state-of-the-art threat intelligence and playbooks backed by world-class service provided by best-in-class security experts at India’s largest malware analysis lab – Seqrite Labs. We are the only Indian full-stack company aligned with CSMA architecture recommendations, offering award-winning Endpoint Protection, Enterprise Mobile Device Management, Data Privacy, Zero Trust Network Access, and many more. Seqrite Data Privacy Management solution enables organizations to stay fully compliant with the DPDP Act and global regulations. We have recently launched Digital Risk Protection Services for external threat monitoring and Ransomware Recovery as a Service for rapid, guided restoration after ransomware attacks. Seqrite has also unveiled SIA, an LLM-powered security co-pilot built on GoDeep.AI to help enterprises navigate growing cyber complexity with intelligent, conversational analysis.

Today, 30,000+ enterprises in more than 70 countries trust Seqrite with their cybersecurity needs. For more information, please visit:https://www.seqrite.com/