Incident #1596
Purported Deepfake Impersonation of Starmangalsutra Director Reportedly Led to ₹10.70 Crore (Approximately US$1.11 Million) in Unauthorized Fund Transfers
Description
Starmangalsutra Private Limited, a jewelery-manufacturing subsidiary of India-based Sky Gold and Diamonds, reportedly lost ₹10.70 crore (about US$1.1 million) after unknown actors compromised a company-issued phone and laptop and used purported deepfake methods to impersonate a director. An employee, reportedly believing the instructions were genuine, transferred funds to unknown bank accounts before verification showed the director had issued no such instructions.
Actors
Alleged Deployers
- synthetic-media-creators
- scammers-in-india
- scammers
- deepfake-creators
Alleged Developers
- synthetic-video-generation-technology-developers
- synthetic-media-generation-technology-developers
- synthetic-audio-generation-technology-developers
- deepfake-technology-developers
Harmed Parties
- victims-of-deepfake-enabled-fraud
- unnamed-employee-of-starmangalsutra
- unnamed-director-of-starmangalsutra
- targets-of-scams
- targets-of-scammers-in-india
- starmangalsutra
- sky-gold-and-diamonds
- epistemic-integrity
- privacy