Bank Negara, Securities Commission warn of deepfake videos impersonating senior officials

Bank Negara Malaysia and the Securities Commission have jointly cautioned the public against the circulation of fabricated video content designed to deceive viewers by depicting impersonations of senior banking and financial sector officials.

The deepfake videos represent an emerging threat to financial system integrity and public confidence, as fraudsters increasingly leverage artificial intelligence and video manipulation technology to create convincing but false material. Such content can be weaponized for financial fraud, market manipulation, or reputational damage to key institutional figures.

The regulators have called on members of the public who encounter suspicious or potentially fraudulent video content to take immediate action by reporting such material directly to the relevant social media platforms where it appears. Alternatively, concerned individuals may lodge reports with Bank Negara Malaysia, which will assist in investigating and combating the proliferation of such deepfakes.

This advisory forms part of broader efforts by Malaysia's financial authorities to combat fraud and protect consumers from increasingly sophisticated digital deception schemes. Public vigilance and prompt reporting are cited as critical tools in limiting the reach and impact of fraudulent content across digital channels.