The State Bank of India (SBI) has brought out a public warning in a post on microblogging site X regarding deepfake videos falsely featuring its top management, and circulated on social media. These manipulated videos falsely claim that SBI officials are endorsing or launching investment schemes promising unrealistic and unusually high returns. In its clarification, SBI said that neither the bank nor its officials are associated with any such schemes and urged the public to remain cautious.
SBI shared the public notice titled “ALERT - PUBLIC CAUTION NOTICE.”
The post read: “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.”
The bank warned users to avoid falling prey to these misleading videos, which utilize advanced technological tools to deceive viewers. It urged the public to stay vigilant against such scams circulating on social media platforms.
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