Very interesting exercise exposing security issues of RFID technology deployed in our credit and debit cards. PasPass and PayWave utilize that technology.
Looks like there is serious security problem with our cards.
On polish edition of Dragons Den was a guy who wants to do business on protecting cards from identification stealing.
Is mobile payment via NFC enabled phone the solution? Turning on application and providing pin turns on NFC chip, which starts to emit radio waves only for short time. This makes harder for thief to steal our cards credentials when we stay in a queue or sit in cafe. For default NFC chip is turned off and will not respond to RFID/NFC call.
Seems like better solution for me :-)
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