19
Mar
2008
New RFID Chipped Credit Cards and Passports Are Simply Less Secure
Posted by Steve Rhode as Uncategorized
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Creditors have been moving to technologies which make it easier to use your credit card by waving your card at the register. The sad side-effect of this ease of transactions if that technologies like RFID actually make it easier for your identity to get stolen.
Creditors and banks will benefit from more transaction fees but consumers will suffer when more people have their identities stolen as they simply walk down the hall.
Don’t believe me? Watch how easy it really is to get credit card information from other people with an $8 eBay device.
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Steve
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