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News - 30 April 2012
Contactless card technology is new target for fraudsters
The threat comes following the introduction of new “contactless” bank cards which shoppers swipe through a reader to pay for goods. Fraudsters are using mobile card readers, similar to those found in stores, to access bank cards in wallets and handbags. It allows them to steal their victims’ details without even touching them.
Most big chains now offer contactless card readers at checkouts. Customers can swipe debit cards to pay for transactions totalling less than £15 - doing away with the need for chip and pin.
The Radio Frequency Identification (RFID) technology transmits details via a radio signal, which is implanted in bank cards which carry a special symbol. According to the UK Cards Association there are 19.6 million cards with contactless functionality in the UK and 73,000 terminals in shops and restaurants.
The payment method is intended to cut queuing times in shops but fraud gangs are taking the same technology to the streets. An RFID reader enables thieves to read a card simply by walking past and the devices are available to buy cheaply online.
For the full story from The Sun, click here.
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