Thursday, April 25, 2013

Smartphone app that allows credit card skimming ‘real risk’ to consumers: experts

Author : Nicole Bogart

Date : April 24, 2013

Extract : « RFID chip technology is used in many credit cards, most commonly used for tap-to-pay systems like MasterCard’s PayPass or Visa payWave.
The technology stores information including the card number, the cardholder’s name and the expiry date. It does not include the three digit security number on the back of the card – usually used when a larger purchase is being made on the card.
Major credit card companies have stated that RFID technology is safe, however the technology is not encrypted – unlike the chip on the front of the card that physically plugs in to debit or credit machines.
[...]
The units that you tap your card on are set on very low ranges, so you only have to get within a few inches of the device for it to read your card. But there is nothing inherent in the technology that says it has to be within three to four inches – if you turn the power up you can push it out to 10 or 15 feet,” said David Skillicorn, professor at the school of computing at Queens University.
That’s where the trouble starts – because now you don’t have to be very close to the credit card or the passport in order to read the information on it.”
The CBC investigation into the application revealed that credit card information could be read through wallets, pockets and purses using the phones near field communication (NFC) antenna.
Theoretically, this means that someone using the app could gain access to your credit card information by just standing near you. »

Index terms : Thefts, credit cards, NFC, RFID.

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Site : http://globalnews.ca/


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