The Reserve Bank of India (RBI) on Tuesday warned the public about a “deepfake” video circulating on social media that falsely shows Governor Shaktikanta Das endorsing or launching investment schemes.
Deepfake videos of RBI officials target public trust
In an official statement, the RBI highlighted that top management, including the governor, provided financial advice in this technically altered video. The video falsely claims that the central bank endorses or supports certain investment schemes.
RBI refused to support the investment scheme
The statement clarified:
“It has come to the notice of the Reserve Bank of India that fake videos of the Governor are being circulated on social media claiming to launch or support certain investment schemes by the RBI.”
The RBI emphasized that its officials do not support or participate in any such activities. Furthermore, the central bank does not provide financial investment advice.
Public advice to avoid scams
RBI has requested people to be vigilant and avoid engaging with these fraudulent videos. He advised against falling prey to such schemes that misuse advanced technological tools like deepfakes to mislead and defraud.
What is 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 portmanteau of “deep learning” and “fake”.