Jul 15, 2026Single source
Deepfake impersonation of a director reportedly led to ₹10.70 crore in fraudulent transfers at an Indian jewellery maker
AI loose in the worldImpersonationDERIVED
Approved by person, Oct 11, 2026. How entries are approved
Starmangalsutra Private Limited, a subsidiary of Sky Gold and Diamonds, reportedly lost ₹10.70 crore after unknown actors compromised a company phone and laptop and used purported deepfake methods to impersonate a director. An employee believed the instructions and transferred funds before verification showed the director had given none.
What this means for youScammers can now fake a boss's voice or video to ask for money. At work, confirm any payment request through a second, separate channel before sending funds.
Sources
- AI Incident Databasehttps://incidentdatabase.ai/cite/1596
Data from the AI Incident Database (incidentdatabase.ai), licensed CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/). McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. IAAI-21.
Source data license: CC BY-SA 4.0 (database). Report contents keep their own rights; reports.text, submissions, images and videos are excluded from the data license.
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da93f03b406f409940d0a6ef47b526607f82ebf457d98f69299b88aceede576a
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