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RBI cautioned public against “deepfake” videos of the governor being circulated on social media
RBI Governor Shaktikanta Das (File photo)
The Reserve Bank of India (RBI) on Tuesday warned the public about “deepfake” videos being circulated on social media that falsely depict Governor Shaktikanta Das endorsing or launching investment schemes.
Deepfake Videos of RBI Officials Target Public Trust
In an official statement, the RBI highlighted that these technologically altered videos feature top management, including the Governor, providing financial advice. The videos falsely claim that the central bank supports or endorses certain investment schemes.
RBI Denies Endorsement of Investment Schemes
The statement clarified:
“It has come to the notice of Reserve Bank of India that fake videos of the Governor are being circulated on social media that claim launch of or support to some investment schemes by the RBI.”
The RBI emphasised that its officials do not support or participate in any such activities. Furthermore, the central bank does not offer financial investment advice.
Public Advisory to Avoid Scams
The RBI urged the public to remain vigilant and avoid engaging with these fraudulent videos. It advised against falling prey to such schemes that misuse advanced technological tools like deepfakes to mislead and defraud.
What is a Deepfake?
A deepfake is a type of synthetic media created using artificial intelligence (AI) and machine learning techniques, specifically deep learning algorithms, to manipulate audio, video, or images. The term is a combination of “deep learning” and “fake”.