India, April 23 -- A few days after the National Stock Exchange (NSE) of India cautioned investors against a deepfake video of its CEO, Ashishkumar Chauhan, giving stock recommendations, the Bombay Stock Exchange (BSE) joined in with a similar cautionary announcement.

On April 18, the BSE issued a circular expressing alarm over the proliferation of fake videos and audio impersonating its MD and CEO, Sundararaman Ramamurthy.

These recordings, crafted with advanced technology, falsely show people pretending to be posing as BSE's MD and CEO, Sundararaman Ramamurthy, offering inaccurate investment recommendations and stock advice.

"It has come to our notice that some fake, unauthorised and fraudulent videos and audios created through innov...