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National Stock Exchange warns investors about CEO deepfakes

National Stock Exchange warns investors about CEO deepfakes
National Stock Exchange warns investors about CEO deepfakes

 


Fabricated videos related to stock market opinions and investments featuring the face and voice of National Stock Exchange (NSE) CEO Ashivinikumar Chauhan, along with the NSE logo, are circulating on social media platforms, according to a report. Press release by the NSE dated June 10, 2024. In the statement, the NSE warned people against viewing and influencing these fake denominations, which they claimed were created using sophisticated technologies. Notably, NSE employees are not authorized to comment or offer recommendations on actions.

What is NSE's position on the incident?

NSE has advised people to refer only to official sources of information, such as their official website, www.nseindia.com and social networks and to verify information that appears to come from the NSE or its officials, from these sources. The NSE said in its statement that it requests platforms responsible for disseminating such objectionable audiovisual content to remove it wherever possible. However, they did not specify how exactly they did this or what the means were to deal with this particular incident.

Pass Misleading financial content cases

While there have not been many incidents where entire videos have been fabricated to mislead investors, concerns have been raised that problematic content regarding financial investments, including those related to the stock market, is proliferating on social networks and on platforms such as YouTube.

These are often social media influencers or “finfluencers” (financial influencers), some of whom have proven themselves to be influencers. manipulate data around their profit and loss accounts to gain false credibility among subscribers and get them to use trading platforms recommended by them.

In light of these cases, the Securities and Exchange Board of India (SEBI) has proposed to prohibit its regulated entities, such as trading platforms, investment bankers and brokers, from collaborating with unregistered influencers , thereby preventing those influencers who are not registered with SEBI from getting a referral bonus from trading platforms.

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Sources

1/ https://Google.com/

2/ https://www.medianama.com/2024/06/223-indias-national-stock-exchange-cautions-investors-ceo-deepfakes/

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