Russians are being massively cheated with virtual cards

Fraudsters have begun to deceive Russians en masse by issuing virtual or tokenized cards for smartphone payments, the Central Bank told Izvestia. Attackers persuade the client to link a certain card to their electronic wallet, for example in Mir Pay, and then through an ATM to transfer cash to it ostensibly for the sake of their salvation. In reality, however, these funds are accessed by criminals and they can dispose of them.

The spread of the scheme of fraud with tokenized cards is also of concern to the largest credit organizations - they confirmed to Izvestia that it is now massively used in Russia.

This scheme of deception allows attackers to put a person's vigilance to sleep, as he does not see information about the recipient of money, summarized in the Bank of Russia.

Read more in the exclusive material "Izvestia":

Token Strike: Russians have become massively deceived with virtual cards