Vito Petruzzelli and Gena Rivera break down a massive Bank of America bin attack hitting e-commerce merchants right now. They reveal why traditional fraud rules are failing and share the exact methodology to identify and combat sophisticated fraud patterns without blocking legitimate customers.

The discussion covers a 20% spike in fraudulent activity targeting Bank of America Visa cards beginning with 440066, with 60% involving guest checkouts and half showing AVS mismatches. Industry experts Paula Zon, Ben Li, Lynne, and others share real-world examples from gift cards to luxury goods.

Key topics covered:

[00:00] Intro

[02:46] Y acquisition celebration with Gordon Ramsay

[04:10] Rejected from roundtable discussion

[06:28] Launching fraud fighters Slack channel

[08:12] Fraudcast goes live on podcasts

[09:49] Bank of America bin attack spike

[11:04] Four four zero zero six six bin analysis

[12:45] Experimentation over rigid fraud rules

[16:54] Gift card bin attacks with HSA cards

[21:44] Dark web fraud tutorials and guides

[25:11] Punch Made Dev fraud rap music

[27:14] Rule retirement after ninety days

[31:12] Proton mail and VPN legitimacy shift

[34:26] Multi signal fraud detection approach

[36:44] Sherlock Holmes fraud investigation mindset

Learn why blocking entire bins backfires, how HSA card attacks reveal broader fraud schemes, and why fraud rules lose effectiveness after 90 days. The team introduces their new Slack community for real-time fraud intelligence sharing among e-commerce professionals.

Discover the "Zon technique" for layering fraud signals, understand why VPNs and privacy-focused emails are now legitimate, and get actionable strategies for the upcoming holiday shopping season. This episode provides practical tools for fraud analysts to move beyond simple rules toward sophisticated pattern recognition.

Join the Fraudcast community on Slack and find past episodes on Spotify and Apple Podcasts.