New Delhi, April 5 -- The Bombay Stock Exchange has cautioned investors about a new scam where fraudsters use deepfake technology to create misleading videos of stock market expert. According to BSE, fraudsters pose as experts or celebrities using deepfake to give investment tips.

Taking to the social media platform X, BSE wrote "Deep Fake Scams Are Here! Are You the Next Target? Imagine seeing a trusted financial expert or celebrity endorsing an investment - only to realize it's completely fake! Scammers are using AI-powered deep fake videos to make fraud look shockingly real and steal your money."

Additionally, the stock exchange shared a video to inform investors about how this scam works.

BSE advises investors to stay informed and ...