SBI Warns People Of DeepFake Videos Targeting Customers With Fake Schemes: Here’s How to Identify

Digital Financial frauds and online scams are increasing rapidly in India. As per research reports, the country witnessed a five-fold jump in online and deepfake scams between March 2023 and March 2024. In this regard, SBI has issued a warning to its users about being aware of the DeepFake videos that are targeting customers with fake schemes and plans. Artificial Intelligence is playing a major role in people getting targeted by scammers and losing their hard-earned money.

DeepFake Videos are a type of cyber security threat where scammers use artificial intelligence to create fake videos, images, or even audio. The video appears real and seems someone has said something important that has never been said by the real person. SBI, the Indian multinational public sector bank has issued a warning about deepfake videos in which their top executives are shown saying something important information. But in reality, they never said anything like that.

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— State Bank of India (@TheOfficialSBI) December 16, 2024

These DeepFake videos claim that the bank is launching or supporting a scheme that can be helpful to its customers asking people to invest in it. This way if someone falls prey to this kind of video they will either transfer money or invest in the scheme and will lose their money. Additionally, scammers can also ask people to invest in their schemes via technological tools.

SBI posted on X, alerting people about these false schemes and DeepFake videos. Here’s how you can check by yourself if a video is DeepFake or not:

1. If you want to identify the DeepFake video, then try to look for flickering, shadows, or blurring.
2. There will be inconsistencies at the edges of the people’s faces.
3. You can also notice that the skin appears either too smooth or too wrinkly.
4. There will be odd blinking patterns as well and lips will not be synchronized with the sentences or speech
5. There will be noticeable background noise.