#FactCheck-RBI's Alleged Guidelines on Ink Colour for Cheque Writing

Introduction
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Generative AI, particularly deepfake technology, poses significant risks to security in the financial sector. Deepfake technology can convincingly mimic voices, create lip-sync videos, execute face swaps, and carry out other types of impersonation through tools like DALL-E, Midjourney, Respeecher, Murf, etc, which are now widely accessible and have been misused for fraud. For example, in 2024, cybercriminals in Hong Kong used deepfake technology to impersonate the Chief Financial Officer of a company, defrauding it of $25 million. Surveys, including Regula’s Deepfake Trends 2024 and Sumsub reports, highlight financial services as the most targeted sector for deepfake-induced fraud.

Deepfake Technology and Its Risks to Financial Systems

India’s financial ecosystem, including banks, NBFCs, and fintech companies, is leveraging technology to enhance access to credit for households and MSMEs. The country is a leader in global real-time payments and its digital economy comprises 10% of its GDP.  However, it faces unique cybersecurity challenges. According to the RBI’s 2023-24 Currency and Finance report, banks cite cybersecurity threats, legacy systems, and low customer digital literacy as major hurdles in digital adoption. Deepfake technology intensifies risks like:

• Social Engineering Attacks: Information security breaches through phishing, vishing, etc. become more convincing with deepfake imagery and audio.
• Bypassing Authentication Protocols: Deepfake audio or images may circumvent voice and image-based authentication systems, exposing sensitive data.
• Market Manipulation: Misleading deepfake content making false claims and endorsements can harm investor trust and damage stock market performance.
• Business Email Compromise Scams: Deepfake audio can mimic the voice of a real person with authority in the organization to falsely authorize payments.
• Evolving Deception Techniques: The usage of AI will allow cybercriminals to deploy malware that can adapt in real-time to carry out phishing attacks and inundate targets with increased speed and variations. Legacy security frameworks are not suited to countering automated attacks at such a scale.

Existing Frameworks and Gaps

In 2016, the RBI introduced cybersecurity guidelines for banks, neo-banking, lending, and non-banking financial institutions, focusing on resilience measures like Board-level policies, baseline security standards, data leak prevention, running penetration tests, and mandating Cybersecurity Operations Centres (C-SOCs). It also mandated incident reporting to the RBI for cyber events. Similarly, SEBI’s Cybersecurity and Cyber Resilience Framework (CSCRF) applies to regulated entities (REs) like stock brokers, mutual funds, KYC agencies, etc., requiring policies, risk management frameworks, and third-party assessments of cyber resilience measures. While both frameworks are comprehensive, they require updates addressing emerging threats from generative AI-driven cyber fraud.

Cyberpeace Recommendations 

• AI Cybersecurity to Counter AI Cybercrime: AI-generated attacks can be designed to overwhelm with their speed and scale. Cybercriminals increasingly exploit platforms like LinkedIn, Microsoft Teams, and Messenger, to target people.  More and more organizations of all sizes will have to use AI-based cybersecurity for detection and response since generative AI is becoming increasingly essential in combating hackers and breaches.
• Enhancing Multi-factor Authentication (MFA):  With improving image and voice-generation/manipulation technologies, enhanced authentication measures such as token-based authentication or other hardware-based measures, abnormal behaviour detection, multi-device push notifications, geolocation verifications, etc. can be used to improve prevention strategies.  New targeted technological solutions for content-driven authentication can also be implemented.
• Addressing Third-Party Vulnerabilities: Financial institutions often outsource operations to vendors that may not follow the same cybersecurity protocols, which can introduce vulnerabilities. Ensuring all parties follow standardized protocols can address these gaps.
• Protecting Senior Professionals: Senior-level and high-profile individuals at organizations are at a greater risk of being imitated or impersonated since they hold higher authority over decision-making and have greater access  to sensitive information. Protecting their identity metrics through technological interventions is of utmost importance.
• Advanced Employee Training:  To build organizational resilience, employees must be trained to understand how generative and emerging technologies work. A well-trained workforce can significantly lower the likelihood of successful human-focused human-focused cyberattacks like phishing and impersonation.
• Financial Support to Smaller Institutions: Smaller institutions may not have the resources to invest in robust long-term cybersecurity solutions and upgrades. They require financial and technological support from the government to meet requisite standards.

Conclusion

According to The India Cyber Threat Report 2025 by the Data Security Council of India (DSCI) and Seqrite, deepfake-enabled cyberattacks, especially in the finance and healthcare sectors, are set to increase in 2025. This has the potential to disrupt services, steal sensitive data, and exploit geopolitical tensions, presenting a significant risk to the critical infrastructure of India. 

As the threat landscape changes,  institutions will have to continue to embrace AI and Machine Learning (ML) for threat detection and response. The financial sector must prioritize robust cybersecurity strategies, participate in regulation-framing procedures, adopt AI-based solutions, and enhance workforce training, to safeguard against AI-enabled fraud. Collaborative efforts among policymakers, financial institutions, and technology providers will be essential to strengthen defenses.

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Sources 

• https://sumsub.com/newsroom/deepfake-cases-surge-in-countries-holding-2024-elections-sumsub-research-shows/ 
• https://www.globenewswire.com/news-release/2024/10/31/2972565/0/en/Deepfake-Fraud-Costs-the-Financial-Sector-an-Average-of-600-000-for-Each-Company-Regula-s-Survey-Shows.html 
• https://www.sipa.columbia.edu/sites/default/files/2023-05/For%20Publication_BOfA_PollardCartier.pdf 
• https://edition.cnn.com/2024/02/04/asia/deepfake-cfo-scam-hong-kong-intl-hnk/index.html 
• https://www.rbi.org.in/Commonman/English/scripts/Notification.aspx?Id=1721 
• https://elplaw.in/leadership/cybersecurity-and-cyber-resilience-framework-for-sebi-regulated-entities/ 
• https://economictimes.indiatimes.com/tech/artificial-intelligence/ai-driven-deepfake-enabled-cyberattacks-to-rise-in-2025-healthcarefinance-sectors-at-risk-report/articleshow/115976846.cms?from=mdr 

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Executive Summary:

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A viral video (archived link) circulating on social media claims that Vice Admiral AN Pramod stated India would seek assistance from the United States and President Trump if Pakistan launched an attack, portraying India as dependent rather than self-reliant. Research traced the extended footage to the Press Information Bureau’s official YouTube channel, published on 11 May 2025. In the authentic video, the Vice Admiral makes no such remark and instead concludes his statement with, “That’s all.” Further analysis using the AI Detection tool confirmed that the viral clip was digitally manipulated with AI-generated audio, misrepresenting his actual words.

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Claim:

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In the viral video an X user posted with the caption

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‍”India sells itself as a regional superpower, but its Navy Chief’s own words betray that image. If Pakistan attacks, their plan is to involve Trump, not fight back. This isn’t strategic partnership; it’s dependency in uniform”. 

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In the video the Vice Admiral was heard saying  

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“We have worked out among three services, this time if Pakistan dares take any action, and Pakistan knows it, what we are going to do. We will complain against Pakistan to the United States of America and President Trump, like we did earlier in Operation Sindoor.”  

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Fact Check:

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Upon conducting a reverse image search on key frames from the video, we located the full version of the video on the official YouTube channel of the Press Information Bureau (PIB), published on 11 May 2025. In this video, at the 59:57-minute mark, the Vice Admiral can be heard saying:

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“This time if Pakistan dares take any action, and Pakistan knows it, what we are going to do. That’s all.”

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Further analysis was conducted using the Hive Moderation tool to examine the authenticity of the circulating clip. The results indicated that the video had been artificially generated, with clear signs of AI manipulation. This suggests that the content was not genuine but rather created with the intent to mislead viewers and spread misinformation.

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Conclusion:

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The viral video attributing remarks to Vice Admiral AN Pramod about India seeking U.S. and President Trump’s intervention against Pakistan is misleading. The extended speech, available on the Press Information Bureau’s official YouTube channel, contained no such statement. Instead of the alleged claim, the Vice Admiral concluded his comments by saying, “That’s all.” AI analysis using Hive Moderation further indicated that the viral clip had been artificially manipulated, with fabricated audio inserted to misrepresent his words. These findings confirm that the video is altered and does not reflect the Vice Admiral’s actual remarks.

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Claim: Fake Viral Video Claiming Vice Admiral AN Pramod saying that next time if Pakistan Attack we will complain to US and Prez Trump.

Claimed On: Social Media

Fact Check: False and Misleading

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Introduction

Robotic or Robo dogs are created to resemble dogs in conduct and appearance, usually comprising canine features including barking and wagging tails. Some examples include Rhex (hexapod robot), Littledog and BigDog (created by Boston Dynamics robot). Robodogs, on the whole, can even respond to commands and look at a person with large LED-lit puppy eyes. 

A four-legged robotic solution was recently concluded through its foremost successful radiation protection test inside the most extensive experimental area at the European Organization for Nuclear Research known as CERN. Each robot created at CERN is carefully crafted to fulfil exceptional challenges and complement each other. Unlike the previous wheeled, tracked or monorail robots, the robodogs will be capable of penetrating unexplored dimensions of the caverns, expanding the spectrum of surroundings that CERN robots can act as a guide. Also, Incorporating the robodog with the existing monorail robots in the Large Hadron Collider (LHC) tunnel will expand the range of places available for monitoring and supervision, improving the security and efficiency of the operation of CERN. Lenovo too has designed a six-legged robot called the "Daystar Bot GS" to be launched this year, which promises "comprehensive data collection." 

Use of Robodogs in diverse domains

Due to the enhancement of Artificial Intelligence (AI), robodogs can be a boon for those with exceptional requirements.  The advantage of AI is the dependability of its features, which can be programmed to answer certain commands detailed to the user. 

In the context of health and well-being, they can be useful if they are programmed to take care of a person with distinct or special requirements (elderly person or visually impaired person). For this reason, they are considered more advantageous than the real dogs. Recently, New Stanford has designed robodogs that can perform several physical activities, including dancing and may also one day assist in putting pediatric patients in comfort during their hospital stays.  Similarly, the robodog, "Pupper", is a revamped version of another robotic dog designed at Stanford called "Doggo", an open-source bot with 3D printed elements that one could create on a fairly small budget. They were also created to interact with humans. Furthermore, Robots as friends are a more comfortable hop for the Japanese. The oldest and most successful social robot in Japan is called "Paro", resembling an ordinary plush toy that can help in treating depression, stress, anxiety and also mood swings in a person. Following 1998, several Paro robots were exported overseas and put into service globally, reducing stress among children in ICUs, treating American veterans suffering from Post Traumatic Stress Disorder (PTSD), and assisting dementia patients. 

Post-pandemic, the Japanese experiencing loneliness and isolation have been clinging to social robots for mind healing and comfort.  Likewise, at a cafe in Japan, proud owners of the AI-driven robot dog "Aibo" have pawed its course into the minds and hearts of the people. Presently, robots are replacing the conventional class guinea pig or bunny at Moriyama Kindergarten in the central Japanese city of Nagoya. According to the teachers here, the bots apparently reduce stress and teach kids to be more humane. 

In the security and defence domain, the unique skills of robodogs allow them to be used in hazardous and challenging circumstances. They can even navigate through rugged topography with reassurance to save stranded individuals from natural catastrophes. They could correspondingly help with search and rescue procedures, surveillance, and other circumstances that could be dangerous for humans. Researchers or experts are still fine-tuning the algorithm to develop them by devising the technology and employing affordable off-shelf robots that are already functional. Robodogs are further used for providing surveillance in hostage crises, defusing bombs, besides killing people to stop them from attacking other individuals. Similarly, a breakthrough in AI is being tested by the Australian military that reportedly allows soldiers to control robodogs solely with their minds. Cities like Florida and St. Petersburg also seem bound to keep police robodogs. The U.S. Department of Homeland Security is further seeking plans to deploy robot dogs at the borderlands. Also, the New York City Police Department (NYPD) intends to once again deploy four-legged 'Robodogs' to deal with high-risk circumstances like hostage negotiations. The NYPD has previously employed alike robodogs for high-octane duties in examining unsafe environments where human officers should not be exposed. The U.S. Marine Corps is additionally experimenting with a new breed of robotic canine that can be helpful in the battleground, enhance the safety and mobility of soldiers, and aid in other tasks. The Unitree Go1 robot dog (Nicknamed GOAT-Grounded Open-Air Transport) by the Marines is a four-legged machine that has a built-in AI system, which can be equipped to carry an infantry anti-armour rocket launcher on its back. The GOAT robot dog is designed to help the Marines move hefty loads, analyse topography, and deliver fire support in distant and dangerous places.

However, on the contrary, robodogs may pose ethical and moral predicaments regarding who is accountable for their actions and how to ensure their adherence to the laws of warfare. This may further increase security and privacy situations on how to safeguard the data of the robotic dogs and contain hacking or sabotage.

Conclusion

Teaching robots to traverse the world conventionally has been an extravagant challenge. Though the world has been seeing an increase in their manufacturing, it is simply a machine and can never replace the feeling of owning a real dog.  Designers state that intelligent social robots will never replace humans, though robots provide the assurance of social harmony without social contact. Also, they may not be capable of managing complicated or unforeseen circumstances that need instinct or human decision-making. Nevertheless, owning robodogs in the coming decades is expected to become even more common and cost-effective as they evolve or advance with new algorithms being tested and implemented. 

References:

• https://home.cern/news/news/engineering/introducing-cerns-robodog
• https://news.stanford.edu/2023/10/04/ai-approach-yields-athletically-intelligent-robotic-dog/
• https://nypost.com/2023/02/17/combat-ai-robodogs-follow-telepathic-commands-from-soldiers/
• https://www.popsci.com/technology/parkour-algorithm-robodog/
• https://ggba.swiss/en/cern-unveils-its-innovative-robodog-for-radiation-detection/
• https://www.themarshallproject.org/2022/12/10/san-francisco-killer-robots-policing-debate
• https://www.cbsnews.com/news/robo-dogs-therapy-bots-artificial-intelligence/
• https://news.stanford.edu/report/2023/08/01/robo-dogs-unleash-fun-joy-stanford-hospital/
• https://www.pcmag.com/news/lenovo-creates-six-legged-daystar-gs-robot
• https://www.foxnews.com/tech/new-breed-military-ai-robo-dogs-could-marines-secret-weapon
• https://www.wptv.com/news/national/new-york-police-will-use-four-legged-robodogs-again
• https://www.dailystar.co.uk/news/us-news/creepy-robodogs-controlled-soldiers-minds-29638615
• https://www.newarab.com/news/robodogs-part-israels-army-robots-gaza-war
• https://us.aibo.com/

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