AI fuels ‘Fraud-as-a-Service’ boom, making cybercrime easier than ever

Artificial intelligence is accelerating the rise of Fraud-as-a-Service (FaaS) platforms, allowing cybercriminals to launch sophisticated phishing, deepfake and identity theft scams with minimal technical expertise. Cybersecurity experts warn that AI-powered fraud tools, sold through subscription-based underground marketplaces, are lowering entry barriers and scaling attacks, making India increasingly vulnerable due to rapid digital adoption and low cyber awareness.