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Old Fraud Scheme is Back

Fraudsters are creating cards using nothing more than the credit union’s bank ID number. Only small charges have been made in France, usually at tolls. The volume and dollar amounts are too low for chargeback rights. Fraudsters use online applications to create legitimate card numbers for a given BIN, which is easy for fraudsters to find online. At an unattended payment terminal like a toll booth, where no card authorization is required, fraudsters have the perfect opportunity to use fake cards.”]

Source: https://www.cuinfosecurity.com/old-fraud-scheme-back-a-3456

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