Busted: Bankers and The Global Economy

November 17, 2007

Thieves Prepare for RFID Bank Cards

Filed under: banking, money, RFID, security, tracking — Tags: , , , , , , , , , — digitaleconomy @ 3:11 pm

rfidcardswipe.jpgYou can pay for small items such as a coffee or a paper with a new ‘contactless’ card. Just wave it in front of a card reader and you’re done. But, the signal it sends is an invitation to hi-tech pickpockets.

The Guardian 11/17/2007

Those attending Cartes 2007 heard of a world where criminals are already planning how to compromise the cards. The result is the same as if they put their hands into the pockets of those carrying them – and the thieves won’t even have to risk physical contact or being caught by CCTV.

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