SBI shared a cautionary post on X (formally known as Twitter) saying not to fall for cybercriminals posting deepfake AI videos about investment schemes.
The State Bank of India (SBI) is one of the leading public sector banks. They issued a warning note to its customers and the general public about the fake investment scheme generated by AI deepfake in the name of the bank and its higher management officials on X.
The deepfake videos generated by AI falsely claim that the State Bank of India is launching new schemes and investment plans with high returns. SBI on Twitter urged the users to stay cautious and not fall for such traps, as the videos will try to convince people to invest in those fake schemes with the use of technological tools.
SBI has explicitly stated that neither the bank nor the officials have offered investment schemes promising unrealistically high returns. The bank emphasises that verifying the authenticity of any investment information is essential.
Internet scams all over India are growing on a large scale, creating traps for the general public to fall for their investment and money-related traps using different tools, including AI (artificial intelligence). AI voice cloning, deepfake videos, and other social media platforms steal their hard-earned money.
The increase in the use of AI has led to many deepfake video traps, and no one is immune to them. Many Bollywood celebrities, including MS Dhoni, the brand ambassador of SBI since 2023, have been used for such videos, and many have fallen for it.
Now, some cybercriminals have targeted banking sectors, and hence, SBI's fake schemes have been created.
Try verifying claims independently. Be wary of guaranteed high returns. Research thoroughly, check regulatory approvals, and avoid the pressure to invest quickly.
Do not trust endorsements from unknown sources. Consult financial advisors before investing. Report suspicious schemes to authorities