State Bank of India (SBI) has issued a warning to its customers and the general public about deepfake videos falsely featuring its top management. These manipulated videos, circulating on social media, claim to promote or endorse investment schemes promising unrealistic returns. SBI has clarified that neither the bank nor its officials are associated with such schemes and advises everyone to remain vigilant and avoid falling victim to these fraudulent claims.
SBI shared a post on microblogging site X (formerly known as Twitter) sharing a public notice to inform users about the videos. The post reads “ALERT – PUBLIC CAUTION NOTICE”.
What are deepfake videos
Deepfake videos are highly realistic but digitally manipulated videos created using artificial intelligence (AI) and deep learning technologies. These videos superimpose or replace someone’s face or voice onto another person’s body or alter their speech to make it appear as though they are saying or doing something they never did. Deepfakes can be used maliciously for spreading misinformation, impersonation, or scams, making it challenging for viewers to distinguish them from real content.
Here’s what SBI said in X post
ALERT – PUBLIC CAUTION NOTICE BEWARE OF DEEPFAKE VIDEOS
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.
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