'A video on Facebook, a chat on Telegram': Deepfake Nirmala Sitharaman scam costs Bengaluru professor Rs 61 lakh

A Bengaluru professor lost over sixty-one lakh rupees in a sophisticated cyber fraud. She was lured by a deepfake video featuring Finance Minister Nirmala Sitharaman. Fraudsters used fake platforms and overseas calls to convince the victim to transfer money. They initially showed fabricated profits to strengthen her confidence in the scheme. The incident highlights the growing threat of AI-powered deepfake investment scams.

Raccontata daeconomictimes.indiatimes.com