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Visa and MasterCard have blocked credit card services to some Russian bank customers as a result of US sanctions. Four banks are so far affected, all of which have links to Russians blacklisted by the US.
The BBC’s Watchdog program recently carried out an experiment demonstrating the effectiveness of an old-style credit card scam. Mock fraudsters, Paul and Alexis from The Real Hustle, showed just how easily they were able to gain victims’ credit card details over the phone.
PCI DSS is the Payment Card Industry Data Security Standard, it is a worldwide standard that has been established to ensure businesses process card payments securely and in doing so reduce payment card fraud.