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Wireless Identity Theft & RFID Skimming
How to hack RFID-enabled Credit Cards
Most Credit cards, Drivers Licences, Passports and some Bank Cards now contain RFID's
iPhone Credit Card Processing
Another way for the retailer to save money and put you at risk
The iPhone OS is easily hacked
How Do I protect Myself Against RFID Skimming?
Leave your RFID cards and passport at home when not needed
Ask your Bank for a non RFID debit and or credit card
Wrap your cards in tin foil or get a wallet with RFID shielding
Use cash - you might even spend less then on credit card impulse buying
Credit Card Skimming Old Tech
How to check for ATM skimmers
For ease of scanning your ID by retail outlets and Government officials, has put you at a much higher risk of ID theft
Hackers could change prices on EPC tags in stores and even gain access to sensitive supply chain data
Skimming can be done up to 70 feet with the right hardware
Radio Frequency Identification
Bottom Line
Financial institutions are well aware, that implementing proper security measures is much more expensive then marketing the perception of security.
It is cheaper for them to have a wait and see attitude, only upgraging security measures when public trust is waning.
Credit card use has added up to 3% to the price of goods, which is hidden in the retail cost.
"People are now in a revolving debt cycle that they'll never escape"
Use your non RFID debit card or pay cash to reduce your risk of ID theft and save some money.