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RFID enables theft of credit card info

Discussion in 'The Lounge' started by Roger_Provins, Jan 25, 2011.

  1. Roger_Provins

    Roger_Provins Well-Known Member

    The problem was highlighted some while back but this is quite a revealing clip.

  2. Barney

    Barney Well-Known Member

    As I said to the bank at the time of its launch, chip and PIN is there for the bank's and retailers' benefit and not for the consumer.

    Until there is a system where your smart phone is notified in real time every time a transaction takes place on your account, the consumer will be open to the risk of unauthorised spend on their accounts between the time of loss and it's notification to the bank.
  3. Bettina

    Bettina Well-Known Member

  4. AndyTake2

    AndyTake2 Well-Known Member

    Anyone in the industry who is shocked by this needs putting up against a wall.
    RFID cards? a security nightmare.
    Line your wallets with metal folks - anyone want to sell faraday cage wallets and purses? you'll make a lot of money!
  5. Nod

    Nod Well-Known Member

  6. Mark

    Mark Well-Known Member

    While you're getting the wallets, perhaps you should consider the accompanying headgear?
  7. bechisbest

    bechisbest Well-Known Member

    Good idea Barney, all the technology is in place.
  8. Roger_Provins

    Roger_Provins Well-Known Member

    ... well for those with a phone /forums/images/graemlins/tongue.gif
  9. Atavar

    Atavar Well-Known Member

    If only they'd built in an On/Off switch like with SD lock switches, or a simple metal contact to complete the circuit that depends on skin contact like with touch-switches.

    If it arrives, you heard it here first and they owe me £ for the idea.
  10. AndyTake2

    AndyTake2 Well-Known Member

    Now don't be daft!! You're talking logically.

    I mean - who would put a simple device on like that?
    Far better to wait til the problem appears and then have to replace absolutely everything. :eek:
  11. T_Sargeant

    T_Sargeant Well-Known Member

    Even then this isn't full-proof... I had to get into a "discussion" with a customer at one point as my point of sale card reader timed out on the transaction, what happened was that the bank recieved a notification, but not an authorisation that the funds were going to be taken. This meant they then held the funds until authorisation came through or released them after a little while if it didn't. Customer checks bank account on smart phone, "Well the money's gone, it's now mine" "No sir, the money is being held, we need to put the transaction through again", etc, etc. So until the notification can be sorted by both banks (customer and seller) I don't see this being worked out anytime soon, Murphys law rears it's ugly head...
  12. Learning

    Learning Ethelred the Ill-Named

    You don't need a smart phone; any mobile would do. This would cost a small charge to the phone network but the banks would no doubt negotiate favourable rates appropriate for the large numbers of text messages involved.
  13. mediaman

    mediaman Well-Known Member

    As a sideline, the banks could start their own phone network [Oh sh17, i'm only joking, hope they don't think i'm being serious, and start doing so.....] :eek:
  14. Roger_Provins

    Roger_Provins Well-Known Member

    Understood, but I'm one of those strange folk who don't carry a mobile phone at all ... no need of one since I retired. :)
  15. Brian

    Brian Venerable Elder

    I know this is going to be a bit of a shock Barney but, there are, believe it or not, some of us who don't wander around plugged into Cyber space.

    In fact I am guessing that a 'smart' phone is the same thing as a mobile, if it isn't don't tell me I would rather stay in ignorant bliss.
  16. SqueamishOssifrage

    SqueamishOssifrage Well-Known Member

    Out here, in this far-flung corner of the ex-empire, Marfin-Laiki bank has been providing me with this service for at least three years now, via normal SMS...
  17. daft_biker

    daft_biker Action Man!

    Easy ;) The right paragraph of code in the right place.....but more likely the work would go offshore and a team of Indians would write 20 new programs for a fiver with a few hundred k of management costs /forums/images/graemlins/tongue.gif :D

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