The State Bank of India (SBI), India’s largest bank, issued an alert to the public against fake deepfake videos spreading on social media sites. These videos feature senior SBI officials promoting investment schemes that guarantee unrealistic returns, which is an untruth. SBI has also cautioned the people against being trapped: In a public advisory, SBI made it clear that neither the bank nor its officials are connected with such kinds of schemes.
Deepfake technology employs artificial intelligence to generate stunningly lifelike but phony videos that make it seem as though people are saying or doing things they never did. This technology has been abused for nefarious purposes, increasing issues around the dissemination of false information and fraud.
SBI issued this alert amid fraudulent videos of fake investment schemes circulating on the internet, allegedly featuring the top management of the bank. The bank also explained that it does not sell or recommend any pyramid schemes that promise abnormally high profits and advised the public to be cautious when coming across such scams.
To avoid becoming a victim of such scams, take the following precautions:
Always do your own research on any investment opportunities. To know about any such scheme’s authenticity, please take help from the official SBI website or their customer service.
- Watch out for Red Flags: If the offer sounds too good to be true, it probably is. These offers are usually a sign of fraud.
- Counter creating false and suspicious Information: If you see videos or messages that seem suspicious to you, report them to the platform administrators, and also if you find them pernicious, report them to the relevant authorities.
- Educate Yourself: Learn about current fraud tactics like deepfake technology to more easily identify and avoid them.
The best way to be protected and not be scammed is if you are aware and careful.
If you’d like to learn more about how scammers are using deepfake technology to carry out phishing schemes, you might find this video helpful:
Ready to grow your business? Need instant Business Loan? or need Personal Loan?
We provide loans from ₹5 lakh to ₹2 crores for businesses at competitive rates.
Apply Now and fuel your entrepreneurial journey today!!!!!
