Danger of Modern Credit Cards

Aluminium wallet, lightweight anodized aluminium shell, shields cards from RFID scanners and demagnetisation (which can strip out data).

Fraudsters are already using this method to steal credit card details, so you can feel safe in the knowledge that your details or your loved ones details will be safe

Also available in a slightly larger ID card size version.
Ideal for custom engraving and corporate gifts

‘Electronic pickpockets’ target hi-tech cards with the help of smartphones software

Not all good:

The rise in smartphone gadget technology could have ended up helping thieves

Millions of bank card holders could have their details stolen by ‘electronic pickpockets’ who brush past wallets with a mobile.

Data from Barclays’s new contactless credit and debit cards can be extracted using specially-designed software on smartphones – and then used to buy goods on shopping websites.

The contactless cards, billed as the latest in payment technology, contain a chip so that when the card is held up to a reader in shops a payment can be made without needing to enter a PIN.

But an investigation has found that the 15million Barclays customers using the cards could fall victim to criminals, who can steal the user’s name, long card number and expiry date.

Channel 4 News showed how holding a smartphone fitted with simple software over a wallet was enough to obtain card details.

The information gathered was then used to buy goods from Amazon. Investigators claim the scam could work on websites which do not ask for the card’s three-digit security code on the back of a card.

Barclays said the only information which could be obtained from a chip was the same as that on the front of the card – not a PIN or security code.

A spokesman said: ‘The details obtained should not be sufficient to undertake any fraudulent activity but we do depend on retailers upholding the same high standards of security when verifying payment details.’

A spokesman for the Department for Business, Innovation and Skills said: ‘We call on the card issuers to act quickly to address this issue and to cancel and replace cards if necessary.

‘We have always emphasised the importance of data security in initiatives such as midata (the government initiative to give individuals access to their personal data on mobile phones and online) and this contactless payment facility clearly has some serious weakness in this regard.’

Barclays Bank customers could have had their details stolen by electronic pickpockets

Channel 4 News was only able to access details from Barclays-issued Visa cards using the software.

A Barclays spokesman said: ‘The only information which can be obtained from a chip is the same as that which is printed on the front of the card – this does not include secure information such as PIN or signature (CVV) code.

‘The details obtained should not be sufficient to undertake any fraudulent activity but we do depend on retailers upholding the same high standards of security when verifying payment details. As a matter of urgency we are now engaging with retailers to ensure they are undertaking adequate and robust checks.

‘We remain committed to contactless and firmly believe that it continues to be a safe and viable payment system.’

A spokesman for Visa said the company had nothing to add to the statement from Barclays.

In 2010 it was discovered that chip and pin technology could be overridden by criminals using a concealed plastic chip.

The chip could communicate with a computer hidden in a fraudster’s backpack which would tell the card reader the PIN was correct – meaning fraudsters could use stolen cards without knowing the PIN.

Cash machines have also been widely targetted by gangs using ‘skimming machines’ to copy card details and pin numbers which can used to steal money and clone cards.

NFC (Near-Field Communications) where devices have to be within 4 cm of each other to communicate. It works more like RFID but with bidirectional transfer as one of its modes. With the right software, the same NFC chip in a few new smartphones, which is there so that it can work in Card Emulation Mode, can be used to read data from an RFID device… i.e. the one in your contactless credit or debit card.

Read more: http://www.dailymail.co.uk/news/article-2119653/Thieves-target-hi-tech-cards-help-smartphones-software.html#ixzz1q2TcJGIg

How keeping cards wrapped in foil or in a special foil-lined wallet, can prevent their information being stolen

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