SBI Warns Customers Against Deepfake Scam Videos
In a recent alert, the State Bank of India (SBI) has cautioned its customers and the general public about the spread of fraudulent deepfake videos on social media. These videos, which appear to be genuine, feature SBI’s top executives endorsing fake investment schemes. However, the bank has clarified that neither the SBI nor its officials are associated with such deceptive offers.
Deepfakes are a type of manipulated media that use AI and machine learning algorithms to create convincing fake videos, images, or audio files. They can be used to spread disinformation, deceive people, and cause significant financial losses. In this case, the deepfake videos are being used to deceive SBI customers and the general public into investing in fraudulent schemes.
According to the SBI, these videos are being circulated on social media platforms, including YouTube, Facebook, and WhatsApp. The bank has advised its customers to be cautious and not to fall prey to these scams. “We have received complaints that some fake videos are being circulated on social media, allegedly featuring our top executives endorsing fake investment schemes,” said an SBI spokesperson. “We would like to clarify that neither the bank nor our officials are associated with such deceptive offers.”
The bank has urged its customers to verify the authenticity of any investment opportunities before making any financial decisions. “We advise our customers to exercise extreme caution while dealing with any investment opportunities and to verify the authenticity of such offers before investing,” said the spokesperson.
The SBI has also warned its customers against sharing any suspicious videos or messages on social media. “We request our customers not to share any suspicious videos or messages on social media, and to report any such instances to the appropriate authorities,” said the spokesperson.
This is not the first time that deepfake videos have been used to scam people. In recent years, there have been several instances of deepfake videos being used to deceive people into making financial transactions. In 2020, a deepfake video of Facebook CEO Mark Zuckerberg was used to scam people into making fake transactions.
The SBI’s warning comes at a time when deepfake videos are becoming increasingly sophisticated and difficult to detect. Deepfake videos can be created using AI algorithms that can manipulate a person’s facial expressions, voice, and body language to make them appear as if they are saying or doing something they are not.
To avoid falling prey to deepfake scams, it is essential to be vigilant and do your due diligence before making any financial decisions. Here are some tips to help you avoid deepfake scams:
- Verify the authenticity of any investment opportunities before making any financial decisions.
- Be cautious of unsolicited investment offers or messages that seem too good to be true.
- Never share personal or financial information with anyone you don’t know or trust.
- Be wary of videos or messages that are trying to create a sense of urgency or panic.
- Report any suspicious videos or messages to the appropriate authorities.
In conclusion, the SBI’s warning is a reminder to be vigilant and cautious when dealing with any financial transactions or investment opportunities. Deepfake videos are becoming increasingly sophisticated and difficult to detect, and it is essential to do your due diligence before making any financial decisions. By following the tips outlined above and being cautious of suspicious videos or messages, you can avoid falling prey to deepfake scams.
Source:
https://newskarnataka.com/india/sbi-warns-customers-against-deepfake-scam-videos/05032025/
