BSE cautions investors against resurfaced deepfake video misusing MD & CEO's identity
2026-03-08
Asian News International (ANI)
The information displayed in the AIM should not be reported as representing the official views of the OECD or of its member countries.
The Bombay Stock Exchange (BSE) has issued a public warning after a fraudulent AI-generated deepfake video featuring its CEO resurfaced on social media. The video, created using deepfake technology, falsely offers stock tips to mislead and defraud investors, prompting BSE to urge vigilance and reliance on official channels.[AI generated]
Why's our monitor labelling this an incident or hazard?
The event involves an AI system explicitly (deepfake technology) used maliciously to create manipulated video content impersonating a high-profile individual to mislead and defraud investors. The harm is realized as the video is actively circulating and poses a risk of financial harm and misinformation to the public. The Bombay Stock Exchange's advisory confirms the fraudulent nature and the malicious intent behind the AI-generated content. Hence, this is a clear case of an AI Incident due to direct harm caused by the AI system's use.[AI generated]