RFID Chips: Convenience for Thieves

 

RFID Chips: Convenience for Thieves

By: JASON LINE

As you may have noticed, your newly issued credit/debit card may have the new RFID chip (as seen above).  The chip is being hailed by the credit card companies as “secure” and “convenient”.  However, this technology uses radio waves to transmit a signal that includes your information, which makes it susceptible to theft.

Your credit card doesn’t have to leave your pocket in order to be stolen.  The scammers are able to purchase an electronic card reader (for less than $100), which will pick-up the radio signal being emitted from your card.  The criminal only needs to be close enough to read the signal.  Once your credit card information is obtained, a clone credit card can be produced and purchases can be made.

It’s important to be aware of this scam and to take the necessary steps, in order to prevent your information from being stolen.  RFID-blocking wallets are your best way to prevent theft.  Amazon.com has a wide-array of options, ranging from $15.00 to upwards of about $60.00.  If you don’t want to shell out money for a RFID-blocking wallet, you can make one with duct tape and just a little bit of tin foil.

Be sure to stay proactive in protecting yourself from crooks.  The RFID embedded technology is sure to grow more widespread in the next couple years, which will lead more criminals to target unsuspecting victims.

Source:  http://www.consumerreports.org/cro/magazine-archive/2011/june/money/credit-card-fraud/rfid-credit-cards/index.htm

Cassandra Owens

Hi. I’m Cassandra. Did you know every three seconds someone in America loses their identity to theft? This community will help you better understand this issue and more importantly provide you with concepts and ideas as to how you can PROTECT yourself, your business and your family. Eliminate the threat with knowledge.

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