Deepfake Dangers: Scammers Target Indian Business to Utilize Investors
Scammers have started using this Deepfake technology more and more to impersonate respected businessmen across the Indian horizon. Then including Mukesh Ambani, Gautam Adani, Ratan Tata, and Narayana Murthy, in paid Facebook campaigns. This causes wide-ranging alarm about online fraud and gives unsuspecting investors the trouble of a lifetime.
Content Creation Using Deepfake
Cyber scammers now use AI-driven deepfake technology to create extremely realistic videos or images of prominent business personalities. That content appears to be legitimate, and therefore, people in general cannot recognize a scam.
Promotion To Target Audience
The scammers use this deepfake content in targeted Facebook ads regarding enticing paybacks from investments. Often through industries such as cryptocurrency or emerging start-ups. Using common faces allows hackers to gain the trust of the victims instantly
Role of Social Media Websites
Facebook and other websites must work on verification processes and invest in technologies. That can detect Deepfakes. Furthermore, more users need to be educated. How to spot scams to improve a safer online environment.
Mukesh Ambani, Kriti Sanon, Nandan Nilekani And Narayana Murthy. Do you guess what connects them all?
The list of fake boasts includes all these A-listers purportedly taking part in a scam to gain legitimacy for their fake money-managing applications. Which have recently been extremely common on Facebook. From business to fake news reports, deepfakes have thus become the most recent frontier for scammers masquerading as celebrities to swindle and fleece users. All thanks to the effortless ease at which AI tools are now available.
Business Titans: A Sure Bet For Frauds
A video in which a ‘news report’ attempted to narrate the ‘financial program’ evolved by the Indian entrepreneur who topped the list recently was doing the rounds on the internet. Claims the ‘news report’: “Mukesh Ambani along with Nandan Nilekani and Narayana Murthy have joined hands and created a financial program that works automatically.” It carried video bytes of the three narrating their supposed ‘financial program’.
Did the Big Corporate Tycoons Initiate Such A Scheme?
We tried to search on Google by using the keywords “Mukesh Ambani,” “Nandan Nilekani,” “Narayana Murthy” and “automated financial scheme, but could not find any authentic reports that state such a scheme has been initiated by the triumvirate.
A closer look at the video revealed that the audio came perfectly in sync with the movement of their lips, but something was odd about their accent. So we test the audio with an AI audio detection tool, tagging it as “fake.”
We then opened up Google to search for the keyframes of the video to find out which location the businessman clips are popping out from.
A Google lens search on the frames featuring Mukesh Ambani led us to a YouTube video by Jio, dated December 23, 2017. We could find Ambani speaking on 40 years of Reliance Industries nearly 39 minutes into the video. We compared frames from the viral video and found them identical to the YouTube video.
This made us decide that Ambani’s clip on the ‘financial program’ is a deepfake.
Likewise, tracing the video recording of Nandan Nilekani to his address at the B20 Summit 2023. We also looked for a statement by B20 Summit on Nilekani’s address but could not find even one reference to an automated financial program.
The video of Narayana Murthy dates back to his interview at the 2023 Business. Today Tech Today Congress see here.
Also Read: Bogus Notice Promises Financial Support To Muslims Going To India To Vote Against ‘Fascist Forces’
Business stalwarts deepfakes are being widely used to promote financial schemes and money management platforms. In April this year, we had busted a video in which Murthy was seen promoting an AI trading platform. The same video can be seen here. A manipulated video of Ambani marketing a stock market forum had gone viral on all social media platforms. Same fact-checked by us in March.
As far back as last month, December 2023, Ratan Tata issued a warning about a deep fake video. Where he features in it dispensing investment advice to people on Instagram. It says that the misleading post read: “A recommendation from Ratan Tata for all of India.
This is your chance to inflate your investment right now risk-free with a 100 percent guarantee.
Popular News Channels: Scammers use the most popular news channel’s template or some other popular news channel. Frauds caught to scam people in this way. they market their fraud schemes ‘The Indian Express report’ has posted on the ‘Roaring Rapids’ Facebook page, stating that singer Neha Kakkar is ‘dead’. With the masthead of the news website.
Some of the newschecker’s busts on the Indian Express website find their way into duping unsuspecting men and women in a country so easily preyed upon by scammers. For instance, last April 2023, Newschecker revealed a Facebook post spreading the word that it was apparently on an Indian Express stating Infosys co-founder Nandan Nilekani invested \”$892 million in a new trading platform to make the common people rich.”Another fake Indian Express report title “JUST IN: Narayana Murti unveils his secret to enrich ordinary Indians”, from 2023 September, has also fact-checked.
Newschecker went digging for evidence and indeed found several fake reports. Then from the electronic version of a number of publications branding business tycoons. Gautam Adani and Azim Premji as “liars” and “cheaters.”
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