The Reserve Bank has issued a strong warning to the public regarding misinformation related to their operations, clarifying that they do not provide any investment platforms or engage in trading activities. This advisory was prompted by the emergence of a misleading video circulating online, purportedly featuring a local news presenter who made false investment claims involving the Reserve Bank, which was generated using Artificial Intelligence (AI).
In a statement released today, the Reserve Bank confirmed that the video is not authentic and misrepresents their Governor. They are urging the public to seek information only from verified sources and to refrain from sharing the misleading video. Social media users are also encouraged to report such fraudulent content to the hosting platforms.
The Reserve Bank emphasized that they will not be accountable for any financial decisions made based on the misinformation presented in the video. Similar incidents have happened recently, where other media outlets, including Fiji Television Limited, have been proactive in addressing fake news and the misuse of their branding. Fiji TV has also collaborated with the Reserve Bank and law enforcement to combat the spread of such deceit.
The growing issue of misinformation reflects a broader concern across various sectors, including financial institutions, as they increasingly encounter scams using misleading advertisements and fraudulent messaging. Recent advisories from other organizations, such as the Bank of South Pacific (BSP), highlight the necessity for vigilance in the face of such threats, especially as scammers often exploit online platforms to lure individuals into harmful schemes.
This collective effort among media outlets and financial institutions is a hopeful sign that, through awareness and education, the public can enhance their media literacy, helping to create a more informed society. By staying vigilant and relying on credible sources, individuals can contribute to a safer information environment, reducing the risk of falling prey to scams and misinformation.
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