AI-Driven Email Fraud Threatens Banks in Australia and India

Proofpoint's analysis reveals that a significant number of banks in Australia and major companies in India are not enforcing the strongest DMARC email authentication protocols, leaving them vulnerable to AI-enhanced email fraud and impersonation attacks. In Australia, nearly 59% of banks lack strict DMARC policies, with 18% having no DMARC record at all. In India, 40% of Fortune India 100 companies do not enforce the recommended DMARC 'Reject' policy. The rise of AI tools has made phishing and business email compromise (BEC) attacks more sophisticated and scalable, increasing risks for customers and employees. The Australian Signals Directorate reported online banking fraud as a top cybercrime threat, while India's cybercrime incidents rose by 24% in 2025. Both regions are urged to adopt stronger email security measures to protect against these evolving threats.

Key Points: • 59% of Australian banks do not implement strict DMARC policies, risking customer security. • 40% of India's Fortune 100 companies lack the strongest DMARC protections against email fraud. • AI tools are enhancing the scale and sophistication of phishing attacks across both countries.