Mule Networks: India's Biggest Fraud Threat, Says India Fraud Report 2026

• India Fraud Report 2026 highlights mule networks as the most difficult fraud threat for 48% of Indian enterprises.
• Fraud losses in the banking sector surged to Rs 36,014 crore, with operations becoming faster and more organized.
• 58% of organizations identify false positives as their primary risk, diverting resources from sophisticated threats.
• Identity became the main entry point for fraud in 2025, exacerbated by advanced AI tools creating realistic fakes.
• Fraud-as-a-Service on the dark web lowers the barrier to entry, enabling low-skill actors to execute complex fraud.