Shared by Tushar Modi, NC, USA
ELECTRONIC PICKPOCKETINGCredit
card issuers, along with the U.S. State Department, have begun installing
radio frequency identification (RFID) chips in credit cards and passports
because the technology holds more data than magnetic stripes and can
be read quicker.
"I wouldn't walk around in
public with my cards exposed like that," said Walt Augustinowicz,
founder of ID Stronghold. "It's too easy to do."
RFID chips are commonly
found in cards used to raise gates in parking garages and unlock doors at
businesses. All one has to do is simply swipe the card in front of a reader.
Within the last few years, that
same technology has been introduced to credit cards and
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