Fraud-as-a-Service: How cybercrime became a subscription business

The rise of AI has made it alarmingly easy for criminals to engage in digital fraud through a thriving ‘Fraud-as-a-Service’ network. With minimal effort, they can access advanced tools for executing complex schemes like AI-driven phishing, deepfakes, and identity theft. This alarming trend has escalated swiftly, especially in India, where rapid digitization coupled with limited digital awareness has led to massive financial losses across various sectors.