A woman in Delhi recently lost over Rs 24 lakh in an Upstox online investment fraud in just about two months. With the increasing adoption of AI, many investors recently have incurred substantial financial losses wherein scammers create and spread fake social media accounts, apps, WhatsApp groups, and websites pretending to be wealth managers offering educational courses, stock tips, and promising guaranteed returns. Upstox recently issued a cautionary advisory regarding an uptick in impersonation scams targeting investors in its name.