Technology known as deepfake (DT) has reached an entirely new level of complexity. Cybercriminals now have the ability to modify sounds, images, and videos in order to mislead individuals and businesses and spread false information. This constitutes a rising threat to international organizations as well as individuals, and it is imperative that something be done about it. This article presents an overview of deepfakes, discussing their usefulness to society as well as the operation of DT. This article focuses on the dangers that can be posed by deep fakes to the economic, political, and legal institutions of countries all over the world. In addition to this, the study will investigate various solutions to the problem of deepfakes, and it will finish by discussing potential directions for further research.