Posts Tagged ‘wave’

TWENTY million Brits are at risk of having their bank details stolen by electronic pickpockets, a Sun investigation has revealed!

Journalist Nick Francis of The Sun newspaper has spearheaded a major investigation into the potential for contactless crime, taking the work of RFID Protect to a national audience.  In an interview with RFID Protect spokesman [David Maxwell] The Sun revealed:

“…David is a former cop and director of RFID Protect, a firm specialising in products which combat RFID fraud.  It has been a big problem in America for a while and now it is getting to be a problem over here. It is a difficult thing to put statistics on because it’s hard to tell how your card details were skimmed.”

“If you ring your bank they will point out there are many ways to lose your card ID, which is true, and by the time you find out you’ve been skimmed it is too late to work out how.

“But the technology is out there and in the wrong hands.”

Source: The Sun (News International)

Date: Sunday 29 April 2012

Original author: Nick Francis

You can read the full story at this link:  “Robbed by Radiowave”  The Sun Newspaper (News International)  or get protected from contactless crime at: RFID Protect (click here)

Update | 05 May 2012:  This story has now captured the attention of numerous media agencies, and continues to expand its reach on a daily basis.  We are aware that the following players have run either similar features during the course of the past week, or intend to do so before long:

The Daily Mail

This is Money

DNA Daily News Analysis

This Morning (ITV.com)

In early November 2011, BBC News services reported that malware attacks on UK Android Apps, and smartphone fraud in general had risen by a staggering 800% since this time last year!!!!  Today we learn from The Telegraph newspaper that,

“…the majority of Britons are scared of ‘wave and pay’, [and with] only a small minority of people keen to use their mobiles like wallets. [Many] fear that ‘wave and pay’ apps will lead to greater security breaches”. 

Emma Barnett, Digital Media Editor for the Telegraph elaborated stating,

“…[the] Intersperience study, which polled 1,000 people as part of a larger project entitled ‘Digital Selves’, found that phone hacking fears are dominating consumers’ security concerns when thinking about adopting new mobile wallet payment systems.”

A spokesperson for Paypal recently intimated that mass adoption of contactless payments for products using mobile phones, or smart credit cards is at least three years away.  This is perhaps not surprising given that very few UK retailers offer this type of payment option to their customers.

Meanwhile, UK company RFID Protect has announced its intentions to offer a solution for smartphone users wary of this technology.  It comes in the shape of a simple App that will be launched mid 2012, and made available to download from www.rfidprotect.co.uk

So before too long, iPhone and Android users will have the option to disable their NFC (Near Field Communication) feature and in the words of a RFID Protect spokesperson, “MAKE YOURSELF INVISIBLE’ to would be phone hackers, e-pickpockets and e-payment skimmers.  Apparently, there’s a timer function too – so users get to determine the amount of time their phone can be read by third parties.

Read the full Telegraph article at:

http://www.telegraph.co.uk/technology/news/8825183/Majority-of-Britons-are-scared-of-wave-and-pay.html

First published on the: 14 October 2011