Cyber Fraud Alert: Country’s Largest Bank Issues Warning to Millions of Investors

New Delhi (The Uttam Hindu): The growing cyber crime in the country has given sleepless nights to the common people as well as the governments. Meanwhile, the largest government bank - SBI has also issued a warning to its customers. SBI has issued a warning from its official X handle. SBI has written, "State Bank of India cautions all its customers and the general public that deepfake videos of its top management are being circulated on social media, claiming to launch or endorse certain investment schemes.

These videos attempt to advise people to invest their money in such schemes through technological tools. We clarify that SBI or any of its officials do not offer or endorse any such investment scheme that promises unrealistic or abnormally high returns. Therefore, the public is cautioned against engaging with and falling prey to such deepfake videos circulating on social media.”

Let us tell you that the use of AI is increasing in the country and the world, albeit slowly. On the other hand, cyber criminals are also using AI extensively to carry out cyber fraud. The government is trying to stop any kind of cyber fraud and many efforts are being made for this. However, people also need to be cautious on their part. You can lose your hard-earned money by getting lured by huge returns.