Quick Heal Technologies Limited, a global cybersecurity solutions provider, has uncovered a worrying surge in sophisticated AI-driven trading scams that have cheated investors of crores of rupees. These fraudulent schemes are disguised as legitimate investment platforms and have been meticulously analysed by researchers at Seqrite Labs, India’s largest malware analysis platform.
According to the company’s findings, fraudsters are exploiting artificial intelligence to create highly convincing trading platforms filled with deepfake videos, professional dashboards, and real-time market simulations. Victims are often persuaded through strategic small payouts, which build initial trust before the scammers vanish with larger deposits.
Researchers documented several campaigns in which cybercriminals promoted fake platforms through polished advertisements on social media and messaging apps. These ads often featured forged endorsements from well-known personalities to lure unsuspecting users into counterfeit trading websites. While users were able to make small withdrawals in the beginning, they were later asked for larger payments, including service charges and taxes. Once the money was transferred, the platforms blocked access, leaving victims with heavy losses.
Two recent incidents underline the seriousness of this growing scam threat. In June 2025, a 79-year-old retiree from Bengaluru lost ₹34.6 lakh after responding to a Facebook advertisement that used a deepfake video of Infosys co-founder N.R. Narayana Murthy. Convinced of the platform’s legitimacy, she authorised repeated payments for supposed fees before realising it was a scam. The case was reported to local authorities. In another scam case during the same month, a retired IAS officer from Hyderabad was deceived into transferring ₹3.37 crore after receiving a WhatsApp message promoting an “AI-powered” trading app. Multiple instalments were made, but when he attempted to withdraw funds, the access was blocked and the fraudsters disappeared.
To combat such threats, Quick Heal has introduced AntiFraud.AI, an advanced tool designed to detect and intercept these scams. The system filters SMS and WhatsApp messages by isolating malicious links before they reach users. It also provides browser-based protection, warning users in real-time about suspicious sites, even those not yet blacklisted. By continually updating its blocklist and using behavioural analysis, AntiFraud.AI identifies spoofed login pages and fake security certificates to safeguard users from new and evolving scams.
Quick Heal Technologies Limited has urged investors to remain cautious when engaging with online trading platforms. Users are advised to check for proper regulatory approvals, verify the credentials of the team behind the platform, and examine technical documentation before making any financial commitments. The company also recommends avoiding schemes that guarantee unusually high returns, as these are often red flags for fraud.
Individuals are encouraged to install reliable mobile and desktop security solutions that can identify obfuscated threats and detect abnormal web activity. In cases of suspected fraud, users should immediately report the matter to cybercrime.gov.in or call the national helpline at 1930.
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