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Deepfake / Synthetic Identity Financial Fraud

In short

AI-generated faces, videos or synthetic identities are used to defeat or deceive financial authentication The objective is typically to bypass identity checks and enable account, payment or other financial fraud.

What it is

A synthetic or manipulated identity is made to look like a real customer/executive/person. The victim is then pushed to rely on the fake identity/authentication result or approve access/transactions.

How it starts

AI-generated faces, videos or synthetic identities are used to defeat or deceive financial authentication.

What they tell you

A synthetic or manipulated identity is made to look like a real customer/executive/person

What they want you to do

Rely on the fake identity/authentication result or approve access/transactions

How you lose money

bypass identity checks and enable account, payment or other financial fraud

What happens next

After the first successful step, the fraudster may demand more money/information, deepen account or device access, or disappear.

Warning signs

trust | authority | deepfake | synthetic identity | authentication bypass

Where this is documented

India — officially documented by an Indian authority/regulator

How to avoid it

Use MFA, unique passwords and official recovery paths; never share OTPs or pair/login devices for someone else; review active sessions regularly.

If it already happened

Contact the bank/payment provider immediately if money moved; report financial cyber fraud promptly via 1930 and cybercrime.gov.in; preserve messages, transaction IDs, phone numbers and URLs. From a clean device, revoke sessions, change credentials and review account recovery/security settings.

Sources

Published documents this page draws on.

  • CERT-InCERT-In advisory on cyber threats associated with AI applications
  • I4C, Ministry of Home AffairsAI DRIVEN AUTHENTICATION BYPASS | TARGETING FINANCIAL INFRASTRUCTURE (2026-06-10)

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What to do now

Deepfake / Synthetic Identity Financial Fraud — Scam types