A type of card-not-present fraud is spreading throughout the Latin American underground, uniting groups of malefactors in a communal effort to perpetrate it as widely as possible. Cybercriminals in the region are making use of problems in the validation process for bank identification numbers to generate fake payment card numbers. The perpetrators are accordingly dubbed bi..eros by researchers at Flashpoint, who analyzed the phenomenon. The crooks are gathering on the Dark Web to discuss hunting for BINs that will work on online streaming and e-commerce sites that improperly authorize them during online checkout processes.
Source: https://threatpost.com/latin-american-bineros-bond-over-fraudulent-purchase-scheme/132110/