The State Bank of India (SBI) has warned the public and its clients about the increase of deepfake films that are making the rounds on social media. These movies pretend to show SBI senior management launching or endorsing certain investment plans. The bank has made it clear that neither it nor its senior executives endorse or provide such dishonest practices.
In a message on X, formerly known as Twitter, SBI alerted its clientele of the existence of deepfake videos.
Read the post here
‘State Bank of India cautions all its customers and general public that Deepfake Videos of its Top Management are being circulated in Social Media that claim launch of or support to some investment schemes. These videos attempt to advise people to invest their money in such schemes, through use of technological tools.
We clarify that SBI or any of its Top Officials do not offer or support any such investment schemes promising unrealistic or unusually high returns.
Members of the public are, therefore, cautioned against engaging with and falling prey to such deepfake videos circulated over Social Media.’
Advanced artificial intelligence (AI) technology is used to make deepfake films, which manipulate voices, pictures, and recordings to produce incredibly convincing but completely fake material. Fraudsters use this technology to pose as well-known people and organizations, giving the impression that they are spreading lies or frauds. Deepfake technology is becoming more widely used and easily accessible, which makes it simpler for hackers to swiftly target big audiences.
SBI has emphasized how crucial it is to confirm the legitimacy of information purporting to be from the bank.
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