Cybersecurity threats involving artificial intelligence are escalating, with a notable rise in deepfake scams and sophisticated fraud techniques targeting major companies worldwide. North Korean hackers have been identified using AI-generated deepfakes to deceive recruiters and human resource personnel at leading global firms and cybersecurity organizations. While phishing scams have decreased by 20%, attackers are increasingly leveraging generative AI to conduct highly targeted attacks on HR and finance departments. Financial institutions and tech service providers such as IDfy and Signzy are responding by employing AI, criminal databases, and risk profiling to combat fraud and secure onboarding processes across various sectors. Digital fraud incidents have surged tenfold since fiscal year 2020, prompting strategic shifts in cybersecurity priorities as outlined in the 2025 DataVisor report.