There is growing concern over deepfakes, which are videos and audios that are highly realistic yet fake across various industries, but perhaps more pertinent in the B2B context. These synthetic media can mislead society and create negative impacts on reputation and financial aspects. However, it is evident that social media platforms have an essential role in addressing the fake problem and enhancing the credibility of online interactions as enterprises operate in this challenging environment. This article looks at the rise of deep fakes and also explores how popular social media companies are responding to this problem.