BIN attacks happen when fraudsters take the first six digits of a card and use a software to generate the remaining digits. Ernie Moran, senior vice president of risk at Brightwell Payments, shares his experience of how he managed a BIN attack on his firm. Moran: “Initially, we did not know what was happening, and it caused a little bit of panic when we started seeing it. Our first reaction was: How do we figure out how much money has moved off the cards, and how do we get that money back to the customers?””]
Source: https://www.cuinfosecurity.com/how-do-you-detect-stop-bank-identity-number-attacks-a-18372