So, we know that small chip in your credit or debit card can be skimmed through RFID skimming devices that can pick up the card information from over 10 cm away.
We know that this information can then either be used to create a “replica card” which can subsequently be used to “paywave” or”paypass” for the thief’s convenience (rather than yours obviously).
Of course, with credit cards, there is a whole world of shopping that can be done, not necessarily limited to the $100 paypass limit with still many sites not requiring a ccv number to buy. Just think of the fun someone could have with your account!read more
The majority of businesses are always looking for that something that they can give away to customers that says “here is a gift buy from us again” (or even to leads that says “buy from us for the first time”).
There are several things that can be considered that go to make up the ideal “gift” but the essence of a successful giveaway is ‘keepabilty’.
OK, so RFID skimming is out there. The convenience and speed of doing transactions “on the go” has a threat that is very real with identity theft costing Australia around $2.2B per year.
It doesn’t matter whether the risks are in our streets or abroad, internationally, the theives get smarter with the technology. This is the way it has been and always will be.
It will not be long before everyone knows someone (and many of you do already) who has been on the receiving end of the 1 second scan it takes to grab your information as someone passes you by in the street.