An Indianapolis television station recently reported on the potential risks of RFIDs (Radio Frequency Identification) on credit and debit cards. Cards containing this electronic chip are designed to be a faster method of payment by allowing the cardholder to simply wave the card in front of a scanner instead of the “old fashioned” swipe method.
In the investigation (which can be viewed at http://www.youtube.com/embed/lLAFhTjsQHw), we see on camera how easy it can be to obtain someone’s credit card information – without even touching the cardholder or the card – and then create a clone card to use for purchases. Even more alarming is the fact that the individual mimicking thievery in this report purchased the equipment online for less than $100.
The youtube video above describes how to determine whether your card contains a RFID chip. As technology advances in our society, additional risks will become apparent.
