RBI cautions public on deepfake videos over social media giving financial advice

New Delhi: The Reserve Bank of India (RBI) has cautioned the general public against “fake video” circulating in the social media advising people to invest in particular investment schemes launched by the Bank saying the RBI doesn’t support such activities.

“It has come to the notice of Reserve bank of India (RBI) that fake videos of the Governor are being circulated in social media that claim launch of or support to some investment schemes by the RBI. These videos attempt to advise people to invest their money in such schemes, through use of technological tools,” the RBI said in a statement.

The Bank clarified that its officials are not involved in or support any such activities and these videos are fake. RBI does not give any such financial investment advice.

Members of the public are, therefore, cautioned against engaging with and falling prey to such deepfake videos circulated over social media, the RBI stated.