The State Bank of India (SBI) has issued a warning to its customers and the general public regarding the increasing prevalence of deepfake videos that are circulating on social media platforms. These misleading videos feature top management from SBI, falsely claiming to launch or endorse specific investment schemes. The bank has clarified that it, nor its top officials, support or offer such deceptive schemes.
In a recent post on X (formerly known as Twitter), SBI warned its customers about the deepfake videos.
View the post here
‘State Bank of India cautions all its customers and the general public that deepfake videos featuring its Top Management are being circulated on Social Media, claiming to launch or support certain investment schemes.These videos attempt to deceive people into investing their money in such schemes by utilizing advanced technological tools.
We would like to clarify that SBI or any of its Top Officials do not offer or endorse any investment schemes that promise unrealistic or unusually high returns.
Therefore, members of the public are cautioned against engaging with and falling prey to such deepfake videos that are circulated over Social Media.’
Deepfake videos are created using advanced artificial intelligence (AI) technology, which manipulates images, voices, and footage to create highly realistic but entirely fake content. Fraudsters exploit this technology to impersonate prominent figures and institutions, making it appear as though they are promoting scams or false information. The rising usage and easy accessibility of deepfake technology are making it easier for cybercriminals to target large audiences quickly.
SBI has emphasized the importance of verifying the authenticity of content that claims to be from the bank.
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