Purported Deepfake Impersonation of Starmangalsutra Director Reportedly Led to ₹10.70 Crore (Approximately US$1.11 Million) in Unauthorized Fund Transfers
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.
- Date it happened
- 2026-07-15
- Organisation involved
- Synthetic media creators, Scammers in India, Scammers, Deepfake creators
- Product, system or model
- Synthetic video generation technology, Synthetic media generation technology, Synthetic audio generation technology, Deepfake technology
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