At the TPCI-organised AI summit in New Delhi, government officials and industry leaders discussed deepfake threats, AI adoption, data privacy and cybersecurity challenges.
Highlights
- TPCI organised the India AI Advantage Summit 2026 at ITC Maurya, New Delhi.
- Cyber fraud losses in India surged 206% to ₹22,845.7 crore in 2024.
- Around 47% of Indian organisations are already running multiple generative AI use cases.
- Nearly 93% of organisations plan to introduce AI agents within 12–18 months.
- India has approximately 5 lakh cybersecurity professionals against a requirement of 13 lakh.
- Government urged businesses to prepare for DPDP Act compliance and strengthen cybersecurity practices.
News Story
New Delhi, October 27, 2026: As artificial intelligence adoption accelerates across Indian businesses, concerns over deepfakes, voice cloning and cyber fraud are becoming increasingly significant. The Trade Promotion Council of India (TPCI) organised the India AI Advantage Summit 2026 at ITC Maurya in New Delhi on Tuesday, bringing together government officials, technology leaders and cybersecurity experts.
The summit focused on generative AI, agentic AI, data privacy, digital trust and emerging cybersecurity threats. More than 250 CXOs, CISOs, CTOs and policymakers participated in the event.
Government urges DPDP Act compliance
Addressing the summit, K.K. Singh, Joint Secretary at the Ministry of Electronics and Information Technology (MeitY), highlighted the importance of strengthening cybersecurity frameworks.
He said existing IT regulations are sufficient to address current cybersecurity challenges, although separate regulations could be introduced if required.
Singh also urged businesses to prepare for compliance with the Digital Personal Data Protection (DPDP) Act, which he indicated is expected to become operational around mid-2027.
He highlighted a significant shortage of cybersecurity professionals in India. The country currently has approximately 5 lakh cybersecurity professionals, compared with an estimated requirement of 13 lakh.
93% of organisations plan to adopt AI agents
TPCI Chairman Mohit Singla said artificial intelligence is transforming businesses at an unprecedented pace.
Citing a recent survey, he noted that 47% of Indian organisations are already operating multiple generative AI use cases, while 93% plan to introduce AI agents into their operations within the next 12 to 18 months.
However, he cautioned that the same technology driving productivity could also enable sophisticated fraud through deepfakes, voice cloning and synthetic identities.
Cyber fraud losses rise 206%
The summit also witnessed the release of a TPCI-CyberPeace report titled AI-Generated Deepfakes and Voice Cloning Targeting Indian Enterprises.
According to the report, India’s overall cyber fraud losses increased from ₹7,465.1 crore in 2023 to ₹22,845.7 crore in 2024, representing a rise of approximately 206%.
Cybercrime complaints registered through the National Cyber Crime Reporting Portal increased by 42%, from around 16 lakh to more than 22.6 lakh.
The report clarified that these figures represent overall cyber fraud losses, not losses exclusively caused by deepfakes.
The study recommended that companies avoid approving payments or sensitive data transfers solely through voice or video instructions. It also called for consolidated fraud-reporting procedures and deepfake-related cybersecurity exercises within 90 days.
