About RFID Protected™

PROTECT YOUR MONEY & PRIVACY

If you knew that someone could scan your financial information or privacy simply using their mobile phone without your knowledge, would you take steps to guard against it?

WHAT IS RFID?

RFID, have you come across this term somewhere in your life? Does it sound familiar to you?  RFID stands for “Radio-frequency identification”. It is a form of wireless communication.

All you need is a contactless reader, that uses radio waves to automatically identify and track information stored electronically in the RFID chips (i.e. without swiping/looking at them).

The Hong Kong Octopus Card is a key example of a successful RFID-enabled deployment.

PAYING TWICE

In 2013, there were reported cases from UK customers of M&S and Pret a Manger, where the chain's contactless payment terminals had simultaneously taken money from contactless credit cards as well as the ones intended for payment. Customers had ended up paying twice for the same items.   

Although the double payments were refunded, we certainly cannot ignore the security risks with RFID.

Refer to BBC News for more details:

http://www.bbc.com/news/business-22545804

MORE THAN 3.5 BILLION CREDIT/DEBIT CARDS ISSUED WORLDWIDE

According to Visa Inc. Annual Report 2014, Visa and Master (two of the major credit card companies), had issued more than 3.5 billion different types of credit/debit cards worldwide in 2014.

Now, let’s see - How many credit cards do you currently hold? How much accumulated credits have you got in total? And, how many of them are actually without the RFID chip?

SECURITY FLAW IN CONTACTLESS CREDIT CARD PAYMENT SYSTEM

In 2014, a study at Newcastle University found a security faw in contactless credit card payment system.

Researchers set up a "POS terminal" using a mobile phone. “By pre-setting the amount you want to transfer, you can simply bump your mobile against someone's pocket or swipe your phone over a wallet left on a table and approve a transaction, a transfer of anything less than 999,999.99 units in any foreign currency would be approved”, said Martin Emms, the lead researcher of this study.

Refer to BBC News for more details:

http://www.bbc.com/news/uk-england-tyne-29862080

RFID TECHNOLOGY IS CONSTANTLY EXPANDING

RFID technology is constantly expanding. Apart from credit and debit cards, RFID chips exist in a growing number of ID cards, passports, driver’s licenses, corporate and university IDs and millions of hotel room keys.

It, therefore, pose a huge challenge for the society in protecting against personal information being read without actually having to swipe them or look at them.

RFID Protected™ PRODUCTS

It’s not a foolproof solution, but RFID Protected™ products will no doubt increase the security of your RFID embedded cards, to protect your money and privacy.