The article examines how AI is transforming corporate fraud through deepfake communications, synthetic documents and highly personalised social engineering. AI can clone voices, fabricate invoices, contracts and KYC records, and impersonate executives, making traditional fraud detection methods increasingly unreliable. While Indian laws such as the Bharatiya Nyaya Sanhita and IT Act can address these offences, identifying perpetrators and preserving evidence pose challenges. Companies must strengthen authentication, governance, financial controls, incident response, investigations and employee awareness to combat AI-enabled fraud.
Please click here to read the full article by Dheeraj Nair, Partner, and Avni Sharma, Principal Associate, published in CXO Today.
Dheeraj is a Partner with JSA since 2009. Dheeraj has over two decades of experience advising and representing clients on complex arbitrations, litigations and regulatory proceedings.